May 20, 2019

China is Dumping US Treasuries

"China sold off the highest level of US Treasuries in nearly two and a half years in the month of  March. Meanwhile, there are renewed fears the Chinese could implement its “nuclear options” and sell off even more US debt in retaliation for US trade war tariffs."

"China sold $20.45 billion in Treasuries in March. That was the biggest US debt dump by China since October 2016. After a four-month pause, the big March sell-off resumes a trend of Chinese Treasury divestment we saw in 2018. China shed nearly $50 billion in US Treasuries last year (...) The Chinese currently hold $1.121 Trillion in US debt. That’s the lowest level since May 2017."

- in Schiff Gold

Related trading instruments: 10- year U.S. Treasuries, iShares Barclays 20+ Year Treasury Bond ETF (TLT)

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