In an unprecedented move, China offloads a record $53.3 billion of U.S. Treasuries and agency bonds.
With economic relations between China and the United States continuing to raise investor concern, China has deviated from historical norms by offloading one of the largest amounts of US Treasury and agency debt.
Particularly, in the first quarter of 2024, China offloaded a record-breaking $53.3 billion of U.S. Treasuries and agency bonds.
Notably, China, traditionally a major holder of US debt, reduced its Treasury holdings by $22 billion during the first three months of 2024, while the remainder of the offloaded assets comprised agency bonds, according to data. which came out May 16.
China is clearly acting to intentionally distance its…
