China's $15.1 billion trillion increase in U.S. Treasuries in September

Source: Internet
Author: User
Keywords Holdings national debt
In September, China increased its holdings of $15.1 billion trillion in U.S. Treasuries and continued to sit on the top creditor status of US Treasuries, according to a tic report released by the U.S. Treasury Department 16th. At the end of September, China's holdings of US Treasuries amounted to $883.5 billion trillion, compared with $868.4 billion in late August, according to the data. It was also the third consecutive month of China's increased holdings of U.S. Treasuries, which hit a record high of 883.5 billion dollars since May. Treasury bonds continued to rise after the Federal Reserve announced a second round of quantitative easing (QE2) on November 4, with 10-year Treasury yields reaching 2.92% on 15th, hitting its highest level since August 5 this year. Although the dollar index has recently stepped out of a small rally, most insiders believe that QE2 's long-term pressure on the dollar, the medium-term devaluation is understandable.  The risk of US Treasuries is still not small. However, China has recently adjusted the investment structure of foreign exchange reserves in the light of changes in the international market. China has increased its holdings of Japanese government bonds for 7 consecutive months after a spate of heavy holdings in August and September, according to data released recently by the Finance ministry. Analysts say this is precisely how China adjusts its operations on Japanese government bonds as the yen moves.
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