China has once again reduced its U.S. debt by a shocking $97.5 billion. So far, China has only $769.6 billion left in its holdings of U.S. debt, the lowest since 2009. The news comes from the latest report from the U.S. Treasury Department, and although the data is as of October, we believe that the actual streak** is likely to be more serious. Before February this year, China had a 7-month streak **, and from March to October, it showed another 7-month streak. However, it should be noted that the increase in holdings in March this year does not necessarily mean that our **behavior**, and it is more likely that the **sudden** increase in the value of our holdings in US bonds at that time did not decrease. In fact, it is highly likely that China has been in the US debt for the past 15 months. The increase in holdings in the middle of last year may also be related to the slight increase in US Treasuries. On the whole, China's streak of U.S. debt is likely to last longer, perhaps even for more than two years.
It is worth noting that Japan unexpectedly increased its holdings of US Treasuries in contrast to the reduction in China's holdings. Japan currently holds 1098.2 billion US dollars, an increase of 11.8 billion from the previous month. This is surprising because last month Japan also had more than $20 billion in U.S. debt. Could it be that Japan regrets the last **?Since the beginning of this year, Japan's holdings have changed many times and have been in a state of volatility, and there is no clear trend in sight. This back-and-forth selling is likely a reflection of Japan's hesitation. On the one hand, Japan may choose to pay attention to US debt in order to avoid offending the United StatesOn the other hand, due to the persistence of the yen exchange rate, US bonds had to be volatile. However, for China, regardless of what other countries do, our strategy is very clear – over the past 12 months, not only has we been increasing our holdings, but we have been increasing our holdings, which is our stated step.
Recently, China has once again made a large amount of U.S. Treasury bonds, hitting a staggering $97.5 billion. According to data released by the U.S. Treasury Department, China's holdings of U.S. debt have fallen to $769.6 billion, the lowest since 2009. It is worth noting that this data is up to October, and the actual streak may be more severe due to a two-month delay in the US Treasury Department's report. Prior to February this year, China had sold off for seven consecutive months, and from March to October, there was another wave of seven consecutive months**. However, it should be noted that the increase in holdings in March this year does not mean our ** behavior, which is likely to include the scale of our sell-off. At that time, the U.S. Treasury was **suddenly**, which caused the value of our holdings of U.S. Treasuries to increase by more than **, so it was manifested as an increase in open positions. It can be inferred that in the past 15 months, China has been operating on US bonds. There were also two increases in holdings in the middle of last year, and the increase was very small, which did not look like it was intentional, and it was likely to be related to the small amount of U.S. bonds at that time. Since the data released by the U.S. Treasury only relates to the value of our Treasury holdings, it is impossible to tell whether the specific period is a net** or a net sell. However, combined with the changes in US Treasuries**, it is likely that the two increases in holdings in the last year were also sell-offs. As a result, it can be inferred that the continuous monthly data on China's sell-off of US bonds may be longer, even more than two years.
At the same time, it is surprising that Japan has increased its holdings of U.S. bonds in contrast to the reduction in China's holdings. At present, Japan's holdings of U.S. bonds have reached 1.$98.2 billion, an increase of $11.8 billion from the previous month. This trend makes people wonder, because in the last month, Japan has just ** more than 20 billion US debt, do they regret the last **?Since the beginning of this year, Japan's holdings have fluctuated many times, and there is no obvious direction. For example, Japan's holdings increased significantly in March, followed by a few months, but increased in May. From June to August, holdings decreased for three consecutive months, but increased sharply in September. This back-and-forth selling is likely an indication of Japan's hesitation to hold U.S. bonds. On the one hand, it may be out of consideration that they do not want to offend the United States, and choose to carry out **;On the other hand, due to the persistence of the yen exchange rate, it was necessary to carry out a cyclical ** US debt. For China, however, our strategy is clear, regardless of what other countries do. Over the past 12 months, we have not only continued to sell US Treasuries, but also increased our holdings**, which is a step we have taken.
China is once again ** US Treasury bonds, and this news has attracted a lot of attention. According to the latest report from the U.S. Treasury Department, China's current holdings of U.S. debt are $769.6 billion, compared with the cumulative amount of $97.5 billion since the beginning of this year, and the position continues to hit a record low since 2009. However, the actual contiguous situation may be more severe than the data suggests. Prior to February this year, China had sold US bonds for seven consecutive months, and continued to sell US bonds for seven consecutive months after March. The increase in holdings in March this year is not a substantial behavior, but a suddenness in the U.S. Treasury bonds, which led to an increase in the value of holdings but not a decrease. Overall, China has probably been in the US debt for the past 15 months. The two increase in holdings in the middle of the last year may also be related to the slight increase in US Treasuries. As a result, the number of consecutive monthly Chinese sell-offs in US bonds is likely to be longer, even more than two years.
Compared to China's persistence**, the situation in Japan has changed somewhat. Japan's current holdings of U.S. Treasury bonds have reached 1098.2 billion US dollars, an increase of 11.8 billion US dollars from the previous month. This is really surprising for the previous large **, could it be that Japan has doubts about the behavior of **US debt?However, since the beginning of this year, Japan's holdings have fluctuated many times and there is no clear direction. For example, Japan's holdings increased sharply in March, then decreased in the following months, but increased again in May. In the following June-August, holdings decreased for three consecutive months, and then in September there was a significant increase. This back-and-forth buying and selling behavior may indicate Japan's hesitation to hold U.S. bonds. On the one hand, it may be out of consideration to avoid offending the United States, and the choice to carry out **;On the other hand, due to the constant ** of the yen exchange rate, it had to be cyclical**. For China, however, our strategy is clear, regardless of how other countries operate. Over the past 12 months, we have continued to increase our holdings of U.S. Treasuries at the same time, which is our established step.
In general, China's continued U.S. bonds, with open interest reaching an all-time low, may be more serious than the published data. At the same time, Japan's holdings have fluctuated, with no clear direction for buying and selling U.S. bonds. Regardless of what other countries do, China is determined to continue to increase its holdings of U.S. debt, which is our established strategy.