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China's big T bond sale

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.
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