Treasury Secretary Mnuchin: I won't be 'losing any sleep' if China dumps US bonds in retaliation over trade

Treasury Secretary Steven Mnuchin says he isn't worried about China selling U.S. Treasurys in retaliation over trade.

"If they decide they don't want to hold them, there are other buyers," he says.

Some have speculated that China could hit back at U.S. tariffs by selling a huge chunk of the more than $1 trillion of U.S. Treasury bonds it holds.

https://www.cnbc.com/2018/10/12/treasury-secretary-mnuchin-china-selling-us-treasurys-in-relatiation-over-trade-would-be-costly.html

Submitted October 12, 2018 at 11:27AM by NineteenEighty9 https://ift.tt/2EikLnV