Russian sell-off of US Treasuries

Posted by Ian Talley - WSJ

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russianselloffRussians sold out of U.S. Treasury debt in droves in March as the U.S. authorized sanctions against Moscow and Russia’s central bank intervened against a plummeting ruble, new U.S. figures showed Thursday.

Russia’s net Treasury security holdings dropped $25.8 billion in March to $100.4 billion, tumbling 20% from February’s $126.2 billion, according to U.S. Treasury Department’s report on international capital flows. Treasury’s report doesn’t explain what caused the cash flows. But…..

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