Saturday, June 04, 2011

China Dumps Treasury Bills

Over the last several years, China has been one of the major purchasers of treasury securities. Now it turns out, China has eliminated about 97 percent of its holdings of United States treasury bills, according to a recent report by the U.S. Government. Back in May of 2009, $210.4 billion in T-bills were held by China, the all time high.

China has also been dumping longer term treasury notes and treasury bonds.

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