🇨🇳🇺🇸 China cuts US Treasury holdings to an 18-year low
China has been reducing its holdings for over a decade, down from around $1.3 trillion in the early 2010s to $618 billion today.
The decline accelerated after 2022 as China became more concerned about relying too heavily on US assets.
Foreign governments are buying fewer US Treasuries, while hedge funds and other investors are buying more.
Weaker foreign demand is helping push Treasury yields higher, with the 30-year yield recently hitting a nearly 20-year high.
Higher yields mean the US government has to pay more to borrow money.
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China has been reducing its holdings for over a decade, down from around $1.3 trillion in the early 2010s to $618 billion today.
The decline accelerated after 2022 as China became more concerned about relying too heavily on US assets.
Foreign governments are buying fewer US Treasuries, while hedge funds and other investors are buying more.
Weaker foreign demand is helping push Treasury yields higher, with the 30-year yield recently hitting a nearly 20-year high.
Higher yields mean the US government has to pay more to borrow money.
$BTC
$SPCX
$SNDK
