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.