Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to defend the lira amid intense economic pressure from soaring energy costs. The amount of Treasuries held by Turkey fell to $1.8 billion by the end of March, down from $16 billion the previous month, according to Bloomberg-compiled estimates based on official US data. The figure includes securities held by the central bank and other Turkish entities, including companies. Turkey has taken dramatic action in recent weeks to prevent a depreciation in the lira as the country, which needs to import almost all its energy, grapples with the ... (full story)