As we head into China trade for the session, this news from the US afternoon Monday.

China cut its US Treasury holdings to the lowest in almost two years

  • holdings of notes, bills and bonds declined by $7.5 billion in April to $1.11 trillion

Japan remained the second-biggest holder of Treasuries

  • 1.06 trillion in April, down from $1.08 trillion a month earlier

via Bloomberg citing Treasury Department data.