- China cut its holdings of US Treasurys to a 14-year low in June.
- Bond prices have tanked in 2023 with investors fretting about the Federal Reserve’s interest-rate hikes.
- Tensions between Washington and Beijing are also still high.
China slashed its holdings of Treasurys to a 14-year low in June, as tensions between Washington and Beijing persist and the US’s rivals try to undermine the dollar’s supremacy.
The world’s second-largest economy trimmed its exposure to American government debt to by $103 billion, or 11%, according to Treasury Department data published Tuesday.
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