19-05-2022, 06:44 AM
Yeah I'm glad China is dumping the USD denominated treasuries:
China trimmed its holdings of US Treasury bonds for a fourth straight month in March by more than $15.2 billion, taking the total holdings to the lowest level since June 2010, in what experts said was a move to reduce losses as Treasury bond prices slid and help diversify China's foreign exchange holdings in the long run.
China may continue to reduce its holdings of US Treasury debt if the US' high inflation persists, its drastic monetary tightening continues and the US' economic outlook deteriorates, experts said, calling for restructuring overseas assets and diversifying foreign exchange reserves to fend of risks.
According to data from the US Treasury Department on Monday, China's holdings of US Treasury bonds dropped to $1.039 trillion at the end of March, down $15.2 billion from the previous month.
https://www.globaltimes.cn/page/202205/1265887.shtml
China trimmed its holdings of US Treasury bonds for a fourth straight month in March by more than $15.2 billion, taking the total holdings to the lowest level since June 2010, in what experts said was a move to reduce losses as Treasury bond prices slid and help diversify China's foreign exchange holdings in the long run.
China may continue to reduce its holdings of US Treasury debt if the US' high inflation persists, its drastic monetary tightening continues and the US' economic outlook deteriorates, experts said, calling for restructuring overseas assets and diversifying foreign exchange reserves to fend of risks.
According to data from the US Treasury Department on Monday, China's holdings of US Treasury bonds dropped to $1.039 trillion at the end of March, down $15.2 billion from the previous month.
https://www.globaltimes.cn/page/202205/1265887.shtml