The first business page of the New York Times this morning (below the fold) details a major story on what readers of this blog have known for weeks. With respect to the dramatic transformation of the maturity profile of U.S. Government obligations held by the Chinese...the New York Times confirms that Chinese investments are going short. By the end of this year, as previously stated, the Chinese will hold very close to 1 trillion dollars of U.S. obligations at maturities less than a year.
You heard it here first.
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