News via Bloomberg
According to people familiar with the matter, officials who are reviewing China's FX holdings have recommended slowing or halting buying of US Treasuries.
That's given US 10-year yields a push once again, as it jumps to day's high of 2.5715%.
Here are some of the comments made:
- US government bonds are becoming less attractive to other assets
- Trade tensions with the US may provide a reason to slow or stop buying American debt
However, the sources in question did not specify why trade tensions would spur a cutback in US Treasuries purchases.
