What is behind the 40% drop in China's U.S. Treasury holdings? (2024)

What is behind the 40% drop in China's U.S. Treasury holdings? (1)

With the yuan at its lowest point against the dollar since 2007, Chinesemonetary authorities seem eager to step into support the country's currency.

Datawatch

Market players see Beijing selling American debt to prop up the yuan

YUSHO CHO, Nikkei staff writer | China

TOKYO -- China continues to pare its holdings of U.S. Treasurys, arousing market speculations over its motives. The country's stockpile of U.S. government debt hit the lowest level in 14 years at the end of August, with the pace of decline accelerating.

Some analysts said Chinese monetary authorities are leading the move to shore up the yuan, while others blame it for a recent bond rout in the U.S.

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What is behind the 40% drop in China's U.S. Treasury holdings? (2024)
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