China, Brazil and Saudi Arabia Lead Foreign Sell-Off of US Treasuries in July
- China, Brazil, and Saudi Arabia sold off billions in US Treasuries in July
- China sold $13.6B, dropping holdings from $835B to $821B
- Brazil sold $2.7B, dropping from $227B to $224B
- Saudi Arabia sold $1.1B, dropping from $109B to $108B
- Sell-off paired with rising Treasury yields has caused turmoil in markets