China has dumped US Treasuries for a 7th straight month as it defends the yuan against the dollar

IMG Auteur
 
Published : August 18th, 2022
107 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

MarketsInsider/Harry Robertson/8-16-2022

“Analysts have put forward various theories as to why China has slashed its bond holdings in recent months. Most suggest Beijing is trying to boost the yuan against the dollar, as it has become somewhat more nervous about holding US assets given the recent rise in geopolitical tensions.”

USAGOLD note: With China and Japan – the biggest foreign buyers – out of the Treasuries market, one wonders how far the Fed can go with its quantitative tightening program before the US Treasury hits the wall. A related question concerns what China might be doing with its massive dollar reserves in place of buying US debt.

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS