When the story first came out, alot of people said they figured they were fakes.
But fakes would not only be worthless, it would probably be the equivalent of a felony to be in possession of them or try to cash them, so I have thought they were real.
And to try to cash this amount, this size of a transaction in bonds “under the radar” so to speak seems to spell to me serious trouble in the bond market and bad, bad news for the dollar.
How about Japan buying our treasuries at auction and then having the U.S. refund the money. Hiding the fact that our treasury auctions are bogus. I vaguely recall a story on these pseudo sales a month of so ago.