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Report Chinese could stop Treasury buying seen as political but hits raw nerve

2018-01-11 09:42:14       source:CNBC

January 10, 2018

A threat by unnamed Chinese officials to stop or slow U.S. Treasury buying is being taken somewhat seriously by the bond market and is seen as a potential political message to Washington.

Bloomberg on Wednesday reported that senior officials reviewing China's foreign currency holdings had recommended slowing or halting purchases of U.S. Treasurys because the debt is less attractive than other assets and, possibly, because of U.S. trade tensions.

The report comes as rates were already rising on concerns that the Fed and other central banks were tightening policy and governments, including the U.S., were issuing a pile of new debt.

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