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U.S. lets China bypass Wall Street for Treasury orders

One of the largest holders of US debt, China, has quietly gotten the green light from the US Treasury to buy up debt directly from the Treasury Department instead of going through Wall Street bankers. It is a special privilege that will allow China to directly bid on treasuries while keeping their bids secret from Wall Street banks through which other countries must place their orders. No other country has been awarded this treatment, and it was requested by China as a way to avoid exploitation by Wall Street bankers who are familiar with China’s buying habits and drive up the prices because they know how much China is willing to pay for US debt. Though a smart move by China, the deal has aroused suspicion from those concerned with a cyber attack and also due to the silence and hesitation of officials to comment on the situation. Find out more here:

Exclusive: U.S. lets China bypass Wall Street for Treasury orders