China’s Treasury holdings fall to lowest since 2017

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China’s holdings of U.S. Treasurys recently fell to its lowest level since 2017, extending a continuous and steady decline of the world’s second-largest economy’s hoard of U.S. government bonds. Chinese holdings fell to $1.062 trillion in September from $1.068 trillion in August, according to the closely followed Treasury International Capital report. The 10-year Treasury yield traded mostly around 0.70% in September, and is now at 0.87%. Bond prices move inversely to yields.
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