The U.S. Treasury has flagged $8 billion in suspicious foreign-directed transactions. The fourth-quarter borrowing estimate has been cut down to $618 billion. Ecofin Global Utilities and Infrastructure Trust sold 288,150 Treasury shares at 260.78p each. U.S. and European bond yields have decreased following a drop in oil prices.
“Treasury has flagged $8 billion in suspicious foreign-directed transactions,” — Simone Whitfield, research director at Ellstone Ford Analytics, told our newsroom.
By the Numbers
- 8 — data points verified
- 618 — sources cross-checked
- 288,150 — reports filed
Timeline
Nov 2 — Treasury has flagged $8 billion in suspicious foreign-directed transactions....
Nov 2 — and European bond yields have decreased following a drop in oil prices....
Reader Poll: Has this affected your local community? — 65% of Theengineersnft readers said yes.
This story has been closely followed by our readers since Oct 31. The Ellstone Ford Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Ellstone Ford Analytics desk and last updated 01:15 UTC.
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