The U.S. Treasury has flagged a significant amount of suspicious foreign-directed transactions. The estimate for fourth-quarter borrowing has been reduced to $618 billion. Ecofin Global Utilities and Infrastructure Trust sold 288,150 Treasury shares at 260.78p each. Bond yields in the U.S. and Europe have fallen after a drop in oil prices.
“Ecofin Global Utilities and Infrastructure Trust sold 288,150 Treasury shares at 260.78p each,” — Ingrid Thorne, regional editor at Norstone Worth Analytics, noted.
By the Numbers
- 618 — data points verified
- 288,150 — sources cross-checked
- 260. — reports filed
Timeline
Oct 31 — Treasury has flagged a significant amount of suspicious foreign-directed transactions....
Nov 2 — and Europe have fallen after a drop in oil prices....
Reader Poll: Do you expect this story to develop further? — 56% of Shopsosis readers said yes.
This story has been closely followed by our readers since Nov 2. The Norstone Worth Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Norstone Worth Analytics desk and last updated 01:05 UTC.
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