Bloomberg quoted unnamed sources close to the topic that official Chinese authorities overseeing the country’s foreign exchange reserves have recommended a delay or even a suspension of US Treasury purchases.
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China‘s existing trade strain with the US may also be a reason for slowing or stopping US debt purchases, they say.
Though unsubstantiated, the news provokes aggressive dollar sales on foreign exchange markets, although at the same time yields of 10-year US bonds jumped to a ten-month high of 2.588 percent.
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