Contents tagged with US government bonds
-
Russia buys US government bonds at 7 year record rate
In 2017, Russia drastically increased its investment in US government bonds. The US Treasury Department reported that over the year the Central Bank, which oversees Russia’s gold and foreign currency reserves, bought $16.1 billion worth of US securities. At the start of January, Russia held $102.2 billion in the treasuries, equivalent to 23% of the total gold and foreign currency reserves, Finanz.ru reports.
30% of all the Russian Central Bank’s foreign currency ($345.5 billion excluding gold …