Hmm, seems to me I’ve been singing this song since the inception of this forum…
From the Journal:
Nonetheless, U.S. Treasury securities remain the safest bonds in the world, and only the U.S. Treasury market is large enough to absorb China’s rapidly growing foreign-exchange reserves, Xinhua said.
Analysts say that other sovereign debt markets are not large or liquid enough to serve as a destination for a large portion of China’s reserves, worth nearly $3.2 trillion at the end of June.
