China’s big T bond sale
(20 June 2007 - USA) China sold more US treasury bonds in April than it had at any time over the past seven or so years.
According to the US Treasury Department, China sold a net US$5.8 billion of Treasury bonds in April, its first drop in holdings since October 2005.
Japan is still the largest holder of US Treasury bonds, with holdings of US$614.8 billion as at April. China is the second largest holder of these bonds, but its stake dropped to US$414.0 billion in April from US$419.8 billion in March.
The US had US$4.4 trillion of tradable bonds in April.
China's Treasury bond sale has been interpreted as the country diversifying its foreign exchange channels.
Japan is still the largest holder of US Treasury bonds, with holdings of US$614.8 billion as at April. China is the second largest holder of these bonds, but its stake dropped to US$414.0 billion in April from US$419.8 billion in March.
The US had US$4.4 trillion of tradable bonds in April.
China's Treasury bond sale has been interpreted as the country diversifying its foreign exchange channels.
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