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  • Hacker News
  • The issue (real issue?) is that it’s unclear whether these governments reduced their holdings or switched them to these opaque structures (tether can be considered one). The idea is, it would be hard for the US to untangle true ownership. I wonder if UBO was getting undone blue or red because it’s a real threat for such a system but the US needs this “second” lifeline.
    by csomar
  • There seems to be a strong attempt to unseat the USA and the dollar right now. BRICS has tried to, China and Russia would love to and it looks like the EU may follow suit.

    The question as always is what to replace it with, and hopefully not something worse.

    by nephihaha
  • The article couldn't be less true. Treasuries are the deepest and most liquid market by far. Foreign CBs hold them so that they can liquidate them when it becomes hard to find dollars. Why else do foreign CBs want to constantly open up swap lines to us when they are hurting?
    by thehumanmeat
  • Treasuries Have Become Badly Unappetizing for Foreign Central Banks & Governments

    "Badly" is used to modify participial adjectives ("written", "organized"), not plain property adjectives like "unappetizing".

    But seeing Wolf Street on HN brightened my day.

    by octoberfranklin
  • Dedollarizing the world economy has more net losers than the US (though that's the obvious one).

    It's not without its benefits -- over the last couple decade, the US has found ways to weaponize access to USD, so if you're not a fan of having a country other than your own able to effectively regulate or sanction you and your business, there's some niceties here.

    Being able to trade and invest in a stable, highly liquid, easily converted, low risk currency was a net win for most of the world for about half a century. There isn't an obvious replacement, so we'll just see more friction.

    by Arubis
  • I think the more interesting story is the long-term decline in the quality of virtually all sovereign debt. Many things are anchored to the assumption that high-quality sovereign debt is widely available.
    by jandrewrogers
  • Looking at the graphs in the article, I don't think the overall picture supports the headline...
    by kelnos
  • US everything has become unappetizing for everyone outside the US.
    by 1over137

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US Treasuries Have Become Unappetizing for Foreign Central Banks and Governments · Birbla