(Bloomberg) -- Chinese investors sold more U.S.
Treasury securities in April than any time in at least seven
years, a signal the nation may be diversifying the world's
largest foreign-exchange reserves.
China, which owns more U.S. debt than any foreign nation
except Japan, sold a net $5.8 billion of Treasuries, the first
drop in holdings since October 2005, according to Treasury
Department figures that go back to 2000. The nation held $414
billion of the $4.4 trillion of marketable Treasuries in April,
according to today's report.
Read more at Bloomberg Currencies News
Treasury securities in April than any time in at least seven
years, a signal the nation may be diversifying the world's
largest foreign-exchange reserves.
China, which owns more U.S. debt than any foreign nation
except Japan, sold a net $5.8 billion of Treasuries, the first
drop in holdings since October 2005, according to Treasury
Department figures that go back to 2000. The nation held $414
billion of the $4.4 trillion of marketable Treasuries in April,
according to today's report.
Read more at Bloomberg Currencies News
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