Foreign Investors Dump $29B T-Bills; US Bets on Stablecoins as New Buyers

TREE NEWS update: In June, foreign investors poured $133.5B into US markets but sold $29B in short-term Treasury bills, favoring equities over government debt. This shift highlights the US government’s growing reliance on stablecoin issuers like Tether and Circle, whose reserves in T-bills could offset declining foreign demand, though recent token issuance is too small to explain the selloff.