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