Hong Kong pension fund managers have warned of potential forced selling of US Treasuries after Moody’s downgraded US debt, leaving only one remaining AAA rating from Japan’s R&I agency.
The HK Investment Funds Association has urged regulators to make an exception for US Treasuries rated just below AAA.
The MPFA acknowledged the issue, confirming the US still qualifies under current rules, but said it will monitor developments and act if necessary.
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This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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