Li Daokui, a top adviser to the PBOC utters the words "liquidate" and "Treasuries" in the same...

|By:, SA News Editor

Li Daokui, a top adviser to the PBOC utters the words "liquidate" and "Treasuries" in the same sentence, reports Ambrose Evans-Pritchard. The news is not necessarily bad for the U.S., as Mr. Li says there are trillions waiting to be invested in "real" American assets. For buyers of Treasuries yielding less than 2%, however, "there is a big seller out there, just itching to let go."