Chinese officials said to recommend slowing or halting purchases of US Treasuries
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.