China Cuts US Treasury Holdings to Lowest Since 2008
The milestone sharpens the de-dollarization debate and puts foreign demand for US government debt under closer scrutiny.
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The milestone sharpens the de-dollarization debate and puts foreign demand for US government debt under closer scrutiny.
Because Treasuries anchor global borrowing costs and collateral markets, a buyback operation matters well beyond the government bond desk.
The milestone focuses attention on borrowing needs, Treasury issuance and investor demand rather than creating a standalone signal for risk assets.
Treasury debt crossed $30T, the 10-year won't break 4.3%, and leveraged basis-trade exposure above $1T has Fed Governor Cook flagging the setup as a systemic vulnerability.
The US national debt is rapidly approaching the $40 trillion mark, a threshold that underscores the scale of…