China Sells US Treasury Bonds Amid Trade War
Warning shot? China sells US Treasury bonds amid trade war. By gowidenews: 14 Oct, 2018 05:39 Report reaching us says, China has sold $3 billion of sovereign dollar bonds. This is only the third such move by Beijing in the last 14 years, and the first involving bonds with a 30-year maturity. China sold $1.5 billion of five-year bonds at 3.25 percent, $1 billion of 10-year bonds at 3.5 percent, and $500 million of 30-year bonds at four percent, the Finance Ministry said on Friday, as quoted by Reuters. Beijing is the largest holder of US debt. As of July, China had $1.17 trillion invested in debt minted by the US Treasury. According to the report reaching us says that, China has made the sale at a time when yuan has depreciated 10 percent against the dollar amid an escalating trade war with the US. “For any other normal corporate borrower the decision might have been to stand on the sidelines and wait for the market to stabilize a bit, but China is a little bit of a differ...