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China unloads more U.S. Treasury bills as odds of Fed rate cuts grow slim

Section: Daily Dispatches

By Kandy Wong
South China Morning Post, Hong Kong
Thursday, April 18, 2024

Worries over security and a further delay to expected interest rate cuts by the Federal Reserve have depleted Beijing's appetite for U.S. Treasury bills, and its position as the second-largest foreign holder of the financial instruments could be taken by the U.K. in coming months, analysts warned.

The world's second-largest economy offloaded US$22.7 billion of the bills in February, with its total holdings adding up to U.S. $775 billion as of the end of that month, according to figures released by the U.S. Treasury Department on Wednesday. ...

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