South Korea is planning a "large scale" acquisition of US Treasuries, Korea Economic Daily reports citing sources
ORIGINAL · NewsquawkSouth Korea is planning a "large scale" acquisition of US Treasuries, Korea Economic Daily reports citing sourcesRead originalHide original
"South Korea is expected to secure counterweight in future negotiations with the US, including, in an extreme scenario, the implicit leverage associated with major debt holdings" "South Korea’s central bank is preparing a large-scale acquisition of US Treasuries to fortify its foreign exchange reserves, offering Washington a financial lifeline while securing vital geopolitical and trade leverage ahead of potential shifts in US policy."
A November 5 report says South Korea’s central bank is preparing a large-scale US Treasury acquisition, citing reserve-building and potential negotiating leverage; amount and timing are unspecified.
News detail
"South Korea is expected to secure counterweight in future negotiations with the US, including, in an extreme scenario, the implicit leverage associated with major debt holdings" "South Korea’s central bank is preparing a large-scale acquisition of US Treasuries to fortify its foreign exchange reserves, offering Washington a financial lifeline while securing vital geopolitical and trade leverage ahead of potential shifts in US policy."
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