The Phaserl


China remains largest foreign holder of US bonds: Treasury

from The BRICS Post:

China’s holdings of US Treasuries fell for the third consecutive month in November, as yuan appreciation indicated less of an impetus to buy the government securities.

The Treasury said in a monthly report that China had cut its holdings to $1.25 trillion by the end of November.

That was $2.3 billion less than in October.

The Chinese government is trying to move toward a market-determined exchange rate for the yuan, part of its efforts to expand the currency’s use worldwide. The less China intervenes to weaken its currency, the less it needs to buy securities such as US Treasuries.

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