April 19, 2024 01:27 GMT
China Sells USD22.7 Billion U.S. Treasuries In February
CHINA PRESS
MNI (Singapore)
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China's holdings of U.S. Treasury bonds fell by USD22.7 billion in February from January, with total holdings decreasing to USD775 billion, approaching the lowest since 2009, 21st Century Business Herald reported. China's concerns focus on the risk of falling U.S. bond prices caused by the Federal Reserve's potential delay to interest-rate cuts. China reduced its holdings to enhance the value-preserving effect of reserve assets, the newspaper said citing an unnamed Wall Street hedge fund manager.
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