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

By: Yossel in NUTS & BOLTS | Recommend this post (0)
Fri, 25 May 12 6:00 PM | 253 view(s)
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Exclusive: U.S. lets China bypass Wall Street for Treasury orders

A bank clerk counts U.S. dollar banknotes on bundles of 100 Chinese yuan banknotes at a branch of a bank in Huaibei, Anhui province April 26, 2012.

NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

Credit: Reuters/Stringer

Emily Flitter

NEW YORK
Mon May 21, 2012 3:35pm EDT

link-
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521

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