Measuring Brazil's historic selloff of U.S. Treasuries in March
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BRASILIA (Reuters) - Brazil sold a record $21.5 billion (17.6 billion pounds) of U.S. Treasuries in March as it battled a stampede of foreign investors out of its markets and a subsequent plunge in the exchange rate, the latest data from the U.S. Treasury show.Excluding China and Japan, top 10 holders of U.S. treasuries have sold that amount in one month only 12 times in the last 20 years. In percentage terms, the 7.5% reduction in March has also only been matched less than two dozen times in..