this post was submitted on 31 Jul 2024

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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)

submitted 1 month ago* (last edited 1 month ago) by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] verstra@programming.dev 4 points 1 month ago

Oh and the implication is that that could further devalue US bonds. Got ya, thanks.