China cuts US Treasury holdings to lowest level in 18 years - thecradle.co
China cuts US Treasury holdings to lowest level in 18 years - thecradle.co
Source: thecradle.co
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DW NOTE
China has cut US Treasury holdings to an 18-year low while the 10-year yield just hit 5% and the Fed is raising rates into an oil shock. That's not portfolio rebalancing — that's Beijing watching Washington finance a deficit with bonds nobody wants at prices that don't compensate for the risk. The dollar's reserve status was never a law of nature.