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Post by WarMachineRhodey on Sept 17, 2015 13:43:06 GMT -5
www.marketwatch.com/story/chinas-holdings-of-us-treasurys-drop-30-billion-in-a-month-2015-09-16?mod=mw_share_twitterChina is still the leading holder of U.S. Treasurys with $1.24 trillion in holdings in July but the country is estimated to have sold at least $30.4 billion in a span of one month as it aggressively intervened in the foreign exchange market to prop up the yuan, according to data released on Wednesday.
“The headlines regarding Chinese selling of Treasurys were most prolific in August, especially following the devaluation of the yuan in mid-August. This data suggests that they were ramping up liquidations before making the announcement,” Ward McCarthy, chief financial economist at Jefferies, said in a report.
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The Big Daddy C-Master
Big Daddy 
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
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Post by The Big Daddy C-Master on Sept 17, 2015 13:51:10 GMT -5
www.marketwatch.com/story/chinas-holdings-of-us-treasurys-drop-30-billion-in-a-month-2015-09-16?mod=mw_share_twitterChina is still the leading holder of U.S. Treasurys with $1.24 trillion in holdings in July but the country is estimated to have sold at least $30.4 billion in a span of one month as it aggressively intervened in the foreign exchange market to prop up the yuan, according to data released on Wednesday.
“The headlines regarding Chinese selling of Treasurys were most prolific in August, especially following the devaluation of the yuan in mid-August. This data suggests that they were ramping up liquidations before making the announcement,” Ward McCarthy, chief financial economist at Jefferies, said in a report.
Do you think things are going downhill overall now? |
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Post by WarMachineRhodey on Sept 17, 2015 14:02:55 GMT -5
www.marketwatch.com/story/chinas-holdings-of-us-treasurys-drop-30-billion-in-a-month-2015-09-16?mod=mw_share_twitterChina is still the leading holder of U.S. Treasurys with $1.24 trillion in holdings in July but the country is estimated to have sold at least $30.4 billion in a span of one month as it aggressively intervened in the foreign exchange market to prop up the yuan, according to data released on Wednesday.
“The headlines regarding Chinese selling of Treasurys were most prolific in August, especially following the devaluation of the yuan in mid-August. This data suggests that they were ramping up liquidations before making the announcement,” Ward McCarthy, chief financial economist at Jefferies, said in a report.
Do you think things are going downhill overall now? if/when qe4 gets announced the things could accelerate downwards. China wouldnt want to hold on to even further devalued dollars. |
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The Big Daddy C-Master
Big Daddy
Living life to the fullest, and it feels great.
I'm still here... for now...
Posts: 26,387
|
Post by The Big Daddy C-Master on Sept 17, 2015 14:15:56 GMT -5
Do you think things are going downhill overall now? if/when qe4 gets announced the things could accelerate downwards. China wouldnt want to hold on to even further devalued dollars. Not to mention if we ever raise interest rates. |
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