Turkey Cuts U.S. Treasury Holdings to $1.8 Billion in March to Support Lira
Turkey sold nearly all of its U.S. Treasury holdings in March, reducing the position to $1.8 billion from $16 billion a month earlier, according to U.S. Treasury data. The move came as Ankara stepped up efforts to support the lira during market turbulence.
The central bank also sold foreign currency and gold reserves to stabilize the economy, but the lira remained under pressure, inflation reached 32.4% and Turkish bond yields hit record highs.
From the sources (11 posts)
@theinsiderpaperBREAKING: Turkey dumps nearly all US Treasury holdings after Iran war
@kalshiJUST IN: Turkey sold nearly all of its US Treasury
@clashreportTürkiye slashed its US Treasury holdings from $16 billion to $1.8 billion in March. Source: Bloomberg
@kevrgordonTurkey offloaded almost all of its US Treasuries in March … amount fell to $1.8 billion by the end of the month, down from $16 billion the previous month @business
@kobeissiletterBREAKING: Turkey liquidated almost all of its US Treasury holdings in March after the Iran War began.
@hedgeye🇹🇷 Turkey liquidated almost all its U.S. Treasuries in March
@deitaoneTURKEY DUMPS US TREASURIES TO DEFEND LIRA Turkey sold nearly all of its US Treasury holdings in March, cutting them from $16 billion to just $1.8 billion, according to US Treasury data. The selloff came as Ankara moved to support the lira
@businessTurkey offloads almost all of its US Treasury holdings in March as it steps up efforts to support its currency
@firstsquawkTURKEY SOLD OFF NEARLY ALL OF ITS US TREASURY HOLDINGS IN MARCH.
@zerohedge*TURKEY LIQUIDATED ALMOST ALL ITS US TREASURY HOLDINGS IN MARCH Turkey dumped their gold AND their treaesuries
@deitaone*TURKEY LIQUIDATED ALMOST ALL ITS US TREASURY HOLDINGS IN MARCH