According to the latest data, China once again sharply ** US Treasury bonds, with a cumulative amount of $97.5 billion, leaving China's current holdings of US bonds to only $769.6 billion, the lowest since 2009. This figure is based on the latest report of the US Treasury as of October. However, it should be noted that due to the delay in the release of the US Treasury report by two months, in fact China's streak may be more serious than this data. In the past few months, China has had a wave of seven consecutive months, and in March this year, there was an increase in holdings, but it does not mean that we actually have more U.S. bonds, but because of the anomaly of U.S. bonds at that time, our holdings have increased numerically. In fact, the number of consecutive months of China's U.S. debt may be much more than seven months.
At this time, we can't be sure whether the two months of increase in US debt holdings last year indicate that China is actually **, because the US Treasury only reports the value of our US bond holdings, and cannot judge the actual ** or selling at that time. However, judging from the changes in U.S. bonds, it is likely that the two increases in holdings last year were also due to U.S. bonds. Therefore, we can infer that the number of consecutive months of China's large-scale ** US debt may be more than two years.
Compared to China's large scale**, it was a surprise reversal in Japan's positioning, which increased by $11.8 billion. Currently, Japan's holdings of U.S. Treasury bonds have reached 1,098$200 million, an increase of $11.8 billion from the previous month. And last month, Japan just ** more than 20 billion US dollars of US debt, and now it has increased again, which makes people wonder if Japan regrets the last large-scale **.
Since the beginning of this year, Japan's U.S. bond holdings have experienced many fluctuations and no obvious direction. For example, holdings in Japan increased significantly in March, followed by a few months**, only to increase their holdings again in May. This was followed by three consecutive months** from June to August, but in September there was a significant increase in value. This back-and-forth sell-back shows that Japan is hesitant to deal with U.S. bonds. On the one hand, it may be out of the consideration of not wanting to offend the United States to choose ** US debt;On the other hand, due to the persistence of the yen exchange rate, US bonds had to be volatile.
Regardless of how other countries operate, China's strategy is clear. Over the past 12 months, we have not only increased our holdings of US Treasuries, but also increased our holdings, which is a step we have taken. **As a safe-haven asset, it is of great significance to China.
At the same time as the U.S. debt, China is actively increasing its holdings. As a safe-haven asset, it has received widespread attention and pursuit from investors. The Chinese side is aware of the value and importance of **, so it has been increasing its holdings over the past 12 months.
*It is considered a stable investment choice because it is resistant to inflation and economic uncertainty, and can also maintain and increase its value. China's overweight behavior shows concerns about global financial markets and uncertainty about the US dollar.
China's data on U.S. bonds has attracted a lot of attention in the market, suggesting that China is gradually reducing its dependence on the US dollar and is using ** as an alternative. At the same time, Japan's position has increased and increased, indicating its hesitation in dealing with the US debt issue. China's stable strategy is the result of years of accumulation and thinking, and the increase in holdings is to maintain and increase value and reduce risks. In the current uncertain situation of global economic recovery, it is wise to stick to rational and stable investment choices.