Fmr. Wash. Gov.: It Would Hurt China’s Economy If They Rapidly Sell Off U.S. Bonds

CAPEHART I want to ░░░░░░░░ about something else in ░░░░░░░░ whole fracas between the ░░░░░░░░ States and China that ░░░░░░░░ me and that is ░░░░░░░░ s been happening in ░░░░░░░░ what was happening in ░░░░░░░░ bond markets last week ░░░░░░░░ as the stock market ░░░░░░░░ tanking folks were also ░░░░░░░░ bonds which has not ░░░░░░░░ in a long time ░░░░░░░░ s not how things ░░░░░░░░ supposed to work And ░░░░░░░░ fascinates me because I ░░░░░░░░ t know if people ░░░░░░░░ this or know this ░░░░░░░░ the second largest holder ░░░░░░░░ U S debt U ░░░░░░░░ treasuries U S bonds ░░░░░░░░ China How likely do ░░░░░░░░ think it it is ░░░░░░░░ in this war China ░░░░░░░░ look to its bond ░░░░░░░░ as a way of ░░░░░░░░ pressure on the United ░░░░░░░░ on the Trump Administration ░░░░░░░░ Well I think that ░░░░░░░░ would be very very ░░░░░░░░ before it does something ░░░░░░░░ that First of all ░░░░░░░░ China is the largest ░░░░░░░░ of bonds outside of ░░░░░░░░ but the majority of ░░░░░░░░ I mean foreign bond ░░░░░░░░ make up a minority ░░░░░░░░ all holdings of U ░░░░░░░░ bonds The American people ░░░░░░░░ American institutions hold the ░░░░░░░░ of those But of ░░░░░░░░ of the foreign portion ░░░░░░░░ is being held China ░░░░░░░░ course is number one ░░░░░░░░ But it would hurt ░░░░░░░░ s economy as well ░░░░░░░░ they were to rapidly ░░░░░░░░ off those U S ░░░░░░░░