[SIZE=12pt]Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion[/SIZE] [SIZE=12pt]Submitted by Tyler Durden on 05/15/2014 13:23 -0400[/SIZE] [SIZE=12pt]Back in mid-March, there was a brief scare after the start of the Ukraine conflict, when Fed custody holdings plunged by a record $104.5 billion (if promptly bouncing back the following week), leading many to believe that Russia may have dumped its Treasurys, or at least change its bond custodian. We noted that we wouldn't have a definitive answer until the May TIC number came out to know for sure how much Russia had sold, or if indeed, anything. Moments ago the May TIC numbers did come out, and as expected, Russia indeed dumped a record $26 billion, or some 20% of all of its holdings, bringing its post-March total to just over $100 billion - the lowest since the Lehman crisis.[/SIZE] [SIZE=12pt]h<span style="color:#000000;">ttp://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40[/SIZE]</span>
Creepy, this is how the great depression started. Overinflation of the value of Germany's "infrastructure" and when millions of people pulled their money out, investments became illiquid.
not necessarily, increased trading volume of US bonds doesn't have a strong correlation with value of commodity metals