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China now holds well under $1 trillion worth of US Treasuries after months of selling amid geopolitical tensions.
China is a major player in the Treasuries market. According to the most recent data from the US Treasury Department, China held $805.4 billion worth of Treasury securities as of August. It is the ...
China's stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world's second biggest economy had $980.8 billion in ...
In 2017, China's Ministry of Finance revealed plans to sell US$2 billion worth of sovereign dollar bonds in Hong Kong, its first dollar bond offering since October 2004. [2] The technology and communications sector in China made up a significant share of the offshore U.S. dollar bond market. Tencent priced $5 billion of notes in January 2018. [3]
Pimco said it's reducing exposure to long-term U.S. bonds amid concerns about soaring federal deficits and debt. Instead, it favors shorter-term bonds, some overseas issuers, and corporate debt.
China is gradually reducing its holding of US dollar reserve, down to 25% [failed verification] in 2023 from 59% of its total foreign-exchange in 2016. [11] [12] However, China also holds US bonds in custody accounts at Euroclear Bank (in Belgium) and Clearstream Banking SA (in Luxembourg) and it has a large portfolio of US Agencies (mortgage ...
The 10-year US Treasury yield jumped to 4.22% on Tuesday, representing its highest level since July and a sharp increase from the 3.62% level it traded at in mid-September when the Fed delivered a ...
The Treasury Department said in its letter to lawmakers that this latest attack involved China-based actors overriding security via a key used by a third-party service provider.