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It Looks Like U.S. Government Bonds Aren’t Supported By China Anymore Via Vincent Fernando At Business Insider

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It Looks Like U.S. Government Bonds Aren’t Supported By China Anymore
Vincent Fernando, CFA | Aug. 20, 2010, 3:45 AM | 6,538 | 31
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Earlier this week we highlighted how cut its holdings of U.S. government bonds by the largest ever monthly amount in June. Expanding this thread, it should be noted that China’s U.S. debt ownership has fallen to $843.7 billion in June from $938.3 billion in September 200,9 according to U.S. Treasury Department released Monday. This equates to nearly an 11% reduction by China.

Yet interestingly, the 10-year U.S. treasury yield has fallen over the same period, despite the meme that China’s voracious U.S. debt buying supports keeps America’s bond yields l”

(Via .)

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Written by gloege

August 24, 2010 at 13:40

Posted in Uncategorized

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