[lbo-talk] China slashes US treasury holdings

[Fernando Cassia]

 Aug. 17, 2010, 3:31 AM
China began reducing its holdings of U.S. government bonds again in June,
and in fact cut just its holdings by the largest 1-month amount ever.

Bloomberg:<http://www.bloomberg.com/news/2010-08-17/china-cuts-long-term-treasury-holdings-by-most-ever-as-u-s-yields-decline.html>

The nation’s holdings of long-term Treasuries fell in June for the first
time in 15 months, dropping by $21.2 billion to $839.7 billion, a U.S.
government report showed yesterday. Two- year yields headed for a fifth
monthly decline in August, falling today to a record 0.48 percent

Read more:
http://www.businessinsider.com/china-slashes-us-treasury-holdings-2010-8<http://www.businessinsider.com/china-slashes-us-treasury-holdings-2010-8#ixzz0x3DNVag0>

FC