China and Japan Lead Foreign Central Banks in Dumping US Treasuries
Foreign central banks and governments, particularly China/Hong Kong and Japan, have significantly reduced their holdings of US Treasuries. This move by Japan was linked to raising USD for yen intervention, while China's reduction was amid concerns over the Iran war and Federal Reserve uncertainty.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
China trims US Treasury holdings amid Iran war, Fed uncertainty
China cut its holdings of US Treasuries to a nearly 18-year low in June, as Beijing continued to diversify its foreign exchange reserves amid heightened geopolitical tensions and growing uncertainty over the policy outlook in the United States. Holdings fell to US$633.4 billion in June from US$659.3 billion in May, data released by the Treasury Department of the United States showed on Monday. The amount in June marked the lowest level since September 2008, when holdings fell to US$618.2 bill...
By Sylvia Ma,Xinyi Wu
Read full article →Foreign Central Banks & Governments Dumped Treasuries, Led by China/Hong Kong & Japan which Raised USD for Yen Invention
But private-sector holdings remained at huge record, with the big seven financial centers leading the charge.
By Wolf Richter
Read full article →
