China may back away from US Treasuries
China, one of the biggest foreign holders of US Treasuries, may be reluctant to invest further after the bailout of Freddie Mac and Fannie Mae.
September 09, 2008
Freddie Mac yesterday finished regional roadshows for its forthcoming issue of $2.4 billion of Reference Remic securities. The US housing agency had been to Singapore, Taipei, Macau, Hong Kong, Tokyo, Seoul and Beijing this week to sell the securities that will price next week.
