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China SELLOFF Most U.S. Debt Since 2013! U.S. Dollar Suffers as Yuan Gains!

David Quintieri
David Quintieri - 447 Views
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447 Views
Published on 21 May 2018 / In News and Politics

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Sources:
China’s Holdings of U.S. Treasuries Fall to Lowest Since ’13 - Bloomberg
http://www.bloomberg.com/news/....articles/2016-09-16/
Deutsche Bank Tumbles as DoJ Claim of $14 Billion Rebuffed - Bloomberg
http://www.bloomberg.com/news/....articles/2016-09-15/
China’s holdings of U.S. Treasuries fell in July to the lowest level in more than three years, as the world’s second-largest economy pares its foreign-exchange reserves to support the yuan.
The biggest foreign holder of U.S. government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month, in the biggest drop since 2013, according to U.S. Treasury Department data released Friday in Washington and previous figures compiled by Bloomberg. The portfolio of Japan, the largest holder after China, rose $6.9 billion to $1.15 trillion. Saudi Arabia’s holdings of Treasuries declined for a sixth straight month, to $96.5 billion.

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