China Slashes US Treasury Holdings to 18-Year Low as 30-Year Treasury Yield Hits 19-Year High
China cuts U.S. Treasury holdings to an 18-year low as yields hit 5.31%, while Beijing boosts gold reserves amid rising risks.
China is selling U.S. government bonds and buying gold instead, which means it trusts America's debt less right now. When big countries lose confidence in bonds, it can make borrowing harder and more expensive for everyone.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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