Bloomberg headline

No further detail at present

Update with more detail now in

China has been reducing its holdings of US treasuries this month to smooth the yuan depreciation according to close sources of Bbg

  • China has communicated sales with US authorities
  • size unknown
  • channels for such transaction inc China selling directly, through agents in Belgium and Switzerland or some combination of the two

PBOC has not responded to fax sent by Bbg seeking confirmation