Britain’s bond vigilantes target Trump’s America

UK holdings of Treasuries have almost doubled in the past five years - Javier Ghersi Britain has overtaken China as the second-largest holder of US debt as UK hedge funds target Donald Trump’s America. UK holdings of US government bonds, known as Treasuries, have almost doubled in the past five years to hit $865bn (£648bn), according to official US data. The dramatic shift in foreign ownership reflects the growing prevalence of hedge funds over central banks as buyers of US Treasuries, and the emergence ...