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"We Understand The Chinese Government Has Halted Purchases Of US Treasuries": SGH

• https://www.zerohedge.com, Tyler Durden

But what if Beijing did not want to unleash a full-blown market nuke, and instead was hoping for a targeted, EMP hit?

Then it would simply stop buying US paper, instead of dumping it outright; in the process it wouldn't hurt the US too much - avoiding a furious tit-for-tat response - but would still send a clear signal to the White House, whose fiscal spending plan will more than double net Treasury issuance this year from under $500BN to over $1 trillion, and which needs every possible marginal buyer of US paper, both domestic and foreign. 

Which is precisely what a new report by SGH Macro Advisors claims.

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