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China looks beyond U.S. Treasuries for dollar investments
By Abhinav Ramnarayan, Virginia Furness
Reuters
Tuesday, June 4, 2019
LONDON -- China may be expanding its investments beyond U.S. Treasuries into debt issued by top-rated European and other government agencies, allowing it to keep its money in dollar assets while picking up some extra yield, bankers with knowledge of the matter say.
At least four investment banking officials who deal with public-sector debt report a spike in interest from China in government-linked borrowers, who can offer an alternative to U.S. Treasuries.
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Prominent among these are the European Investment Bank, a development bank backed by European Union countries, KfW, a German government-guaranteed institution, and AIIB, a Beijing-based pan-Asian development bank that issued its first ever bond last month. ...
... For the remainder of the report:
https://www.reuters.com/article/china-treasuries/china-looks-beyond-u-s-...
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