Article Image
News Link • China

Markets Turmoil On China Treasury Purchase Halt News

•, by Tyler Durden

The dollar, US equity futures and US Treasurys all sold off on the report, while spot gold spiked higher.

E-minis tumbled immediately on the news, suffering their first sharp drop of the new year.

The dollar pared its weekly gains, and is back to a 92.00 level, as the UST curve steepens while the yen extends a rally on growing speculation the Bank of Japan may taper its unprecedented monetary easing, a process which was unveiled on Monday night.

Treasury yields spiked on news that Chinese officials reviewing foreign-exchange holdings are said to have recommended slowing or halting purchases of Treasuries, with the yield rising as high as 2.59%, just shy of Jeff Gundlach's 2.63% red line.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: