China Has Dumped Over $100 Billion Of US Treasuries In The Last 6 Months
The latest data of Treasury International Capital flows (from May) shows a 5th straight month of equity selling:
- Long-term Treasurys: +99.864BN, vs -$1.153BN sold in April
- Agencies +37.283BN, similar to the $36.714BN in April
- Corporate bonds bought $4.462BN, down from $22.5BN in April
- Equities sold $9.15BN, down from $7.04BN in April and the 5th consecutive month of stock sales by foreigners, longest stretch since late 2018!
Foreign official institutions sold $34.1 billion in USTs in May…
BUT… foreign private investors (not central banks or reserve managers) bought a record $133.94 billion in May…
Most notably, China’s holding of US Treasuries fell below $1 trillion for the first time since June 2010…
Source: Bloomberg
This is the 6th straight month of selling by China for a total of $100 billion over that period.
China was the biggest seller in May (the latest month available) followed by Ireland and Canada.
Japan remains the largest holder of USTs with $1.2 trillion (though it too saw a decrease in May of $5.7 billion).
The Cayman Islands (proxy for hedge funds) saw a $1.7 billion increase in UST holdings to $293.3 billion.
Switzerland bought most in May ($22.5 billion) along with UK and Belgium.
Finally, we note the de-dollarization trend continues (though there was some selling of gold reserves in the latest period)…
As UST holdings drop to their lowest since Oct 2020.
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Leave a Reply