Russia dumps US treasuries

[Argentum]

Back in march we were discussing if it was russia that dumped all those treasuries; today the news was confirmed:

Excerpt:
"Russia reduced its holdings of U.S. Treasurys by $25.8 billion in March as the crisis in Ukraine was getting more tense, according to Treasury International Capital data released on Thursday.

Russia was facing potential economic sanctions from the U.S. at the time, which led to speculation that the eastern European nation was moving around its Treasury holdings to avoid impending restrictions. In the middle of that month, the New York Federal Reserve Bank reported a $105 billion drop in its holdings held in custody for other banks, which many believed to be Russia's doing."

http://blogs.marketwatch.com/thetel...plunged-as-the-ukraine-crisis-was-heating-up/

the question is who dumped the other 80 bln

 

[Clawhammer]

the question is who dumped the other 80 bln

Probably Nugget !

 

[Dabloodymess]

the question is who dumped the other 80 bln

Just because they were removed from the custody of the Fed doesn't mean they have been 'dumped'. Most likely they were just moved to a friendlier banking jurisdiction, maybe in preparation of future dumping or simply to avoid them being frozen/seized.

 

[Old Codger]

Looks like they may have been diverted to Belgium's holdings.


OC

 

[House]

Looks like they may have been diverted to "Belgium's" holdings.


OC

FTFY Must be a proxy... But for who?

 

[TreasureHunter]

Don't they hold treasury giveaways? Like when it's off-season... and it's off-season for US treasurys in Russia, I reckon...

I want them all, if they dump them :lol: (joke)

 

[Old Codger]

"But for who?"

Could be a simple holder name change. Not sure if these are 'Bearer' Bonds though, or registered to a named holder.

OC

 

[aleks]

Early this evening I heard the ABC (australia) report russia had failed to to close this gas deal with china and a few hours ago the opposite was announced. Who ever put that up as news should give themselves an uppercut.

 

[Old Codger]

Anyway, if push comes to shove, the Fed will simply buy them prior to maturity if needs be.

Five trillion in Foreign hands is easily fixed, just add a few zeros to the days 'print run'.


OC

 

[sammysilver]

Early this evening I heard the ABC (australia) report russia had failed to to close this gas deal with china and a few hours ago the opposite was announced. Who ever put that up as news should give themselves an uppercut.

I was listening to the BBC in the early hours when it was confirmed. The net is being pulled in.

 

[Old Codger]

What happens when the Chinese economy falls in that BIG hole, and they need only half of what they have ordered?


OC

 

[worldbubble]

^
everybody fall to the very same hole

 

[aleks]

http://www.zerohedge.com/news/2014-05-21/russia-dumps-record-amount-us-treasurys-here-what-it-buying

Last week we commented that based on TIC data, while "Belgium's" unprecedented Treasury buying spree continues, one country has been dumping US bonds at an unprecedented rate, and in March alone Russia sold a record $26 billion, or 20% of its holdings.
So as Russia is selling record amount of US paper, what is it buying? For the answer we go to Goldcore which tells us that...

Russia Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April

The Russian central bank has again increased its gold reserves by another 900,000 ounces worth $1.17 billion in April.

Russia's gold reserves rose to 34.4 million troy ounces in April, from 33.5 million troy ounces in March, the Russian central bank announced on its website yesterday. The value of its gold holdings rose to $44.30 billion as of May 1, compared with $43.36 billion a month earlier, it added.

They are still sitting on $100B of US treasuries which is about 2400 tons

Question is what they are doing with the other $25B. This gas pipline to china is going to cost alot of money

 

[Old Codger]

313,

All perfectly understandable and sensible. Their US$125 billion in Treasuries is doomed to be TP unless they can unload it bit by bit ASABP.

They are not the only ones i am certain.

OC

 

[aleks]

Russia aren't in a good position when the west is making moves against them in sanctions, however useless they maybe but still. Before this year they were sitting on 1040 tons, which represents 8% of foreign reserves.

Germany 3400 (if they ever get it back)
France and italy 2400 tons

all three have about 60% of their foreign reserves in gold

 

[Old Codger]

I would expect that Russian gold stocks figures would be about as reliable as Chinese ones.

 

[worldbubble]

Russia aren't in a good position when the west is making moves against them in sanctions, however useless they maybe but still. Before this year they were sitting on 1040 tons, which represents 8% of foreign reserves.

Germany 3400 (if they ever get it back)
France and italy 2400 tons

all three have about 60% of their foreign reserves in gold

germany - on paper ...

 

[Rinchin]

I would expect that Russian gold stocks figures would be about as reliable as Chinese ones.

I'd agree. Adding they're both about as reliable as American figures.

 

[Argentum]

the question is who dumped the other 80 bln

Probably Nugget !

 

[Old Codger]

rinchin,

Actually, I think the claimed US stocks are 100% bullshit!

NIL!