China sells most U.S. Treasuries in nearly two-and-a-half years – Reuters

Anil Panchal FXStreet

Earlier during Thursday, Reuters came out with a news report conveying that China sold the most U.S. Treasuries in almost 2-1/2 years in March.

The report quotes data from the US Treasury Department while saying that China sold $20.45 billion in Treasuries in March, the most since October 2016, following $1.08 billion in purchases the month before.

China’s stake in Treasuries fell for the first time in four months to $1.121 trillion in March, which was the lowest since May 2017 when it was $1.102 trillion, the news report further said.

It was also conveyed in the news report that Japan sold $11.07 billion in US government debt in March, the most since February 2018.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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