Monday, June 20, 2011

Economy: "Top Russian Economic Official Says Country Will Keep Selling US Debt "

Russia plans to keep selling its holdings of U.S. government debt, according to presidential economic advisor Arkady Dvorkovich.


On whether or not treasuries remained a good investment, Dvorkovich told the Wall Street Journal, "On an absolute basis, yes. On a relative basis, compared to other investments, of course not."
Russia has cut their position in U.S. debt substantially since late last year, down from $176.3 billion in October of 2010 to $125.4 billion, according to the WSJ.

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