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Wan LixinOpinion deputy editor of Shanghai Daily
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Sell-off knocks US Treasuries
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CHINA, the top buyer of US Treasury securities, cut its holding in September for four months running, the latest data from the US Treasury Department showed.
China shed its Treasuries holding by US$28.1 billion in September. The country’s total holding was down to US$1.157 trillion, the data released on Wednesday showed.
Japan, the second-largest foreign holder of US treasuries, also cut its holding by US$7.6 billion to US$1.1364 trillion in September.
At the end of September, overall foreign holdings of US Treasury securities dropped to US$6.1547 trillion from August’s US$6.1964 trillion.
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