Is 'Selling America' Fake News?

2026-03-04 12:54:00 ET

By Kevin Flanagan

In a post-Liberation Day environment, discussion has centered on the concept of “Selling America.” According to an AI definition, this refers to investors reducing exposure to U.S. financial assets due to geopolitical uncertainty and policy concerns under the Trump administration. Prior to the U.S./Israeli strikes on Iran, the dollar had depreciated. Meanwhile, until the recent credit-related anxieties, the U.S. stock market was making new highs. For this blog, I wanted to focus on the bond market side of the equation, and what we have witnessed through the end of 2025 is that foreign investors were still buying U.S. Treasuries ((UST))....

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