China Might No Longer Be The World’s U.S. Treasury King

Reports are out that China may be well on the path to becoming dethroned as the global king of U.S. Treasuries. According to sources familiar with the matter, China has recently begun liquidating its massive U.S. Treasuries stake to help support its hobbled currency.

The Strategy

Over the past month, the People’s Bank of China (PBOC) has been dumping UDS and buying yuan to stabilize the exchange rate. The latest available Treasury data indicates that China likely holds about $1.48 trillion of U.S. government debt.

Major Impact On Treasuries Market

Although the decision by China to scale-down its massive U.S. Treasuries position is far from shocking given its current currency predicament, the liquidation of such a large position, if it continues, could wreak havoc…

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