Two Major U.S. "Creditors" Sell Off for the First Time This Year: China’s Bond Holdings Near 2009 Lows, Record Sell-off in U.S. Stocks in May
According to U.S. Treasury data, under pressure to intervene in the forex market, Japan's holdings of U.S. Treasuries fell for the second consecutive month in May, reaching a six-month low with a total reduction of nearly $60 billion over two months.
China's U.S. Treasury holdings in May approached the low set in March 2009.
Chinese investors sold $7.68 billion in U.S. stocks in May, more than double April's amount, and offloaded $11 billion in agency bonds, the largest scale since 2012.
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