Falls in the value of China’s recorded holdings of US Treasuries tell us little about whether China is divesting from the dollar. A broader look at the data suggests that it isn’t, despite geopolitical pressure to decouple. And while we don’t have timely data to confirm it, there is little evidence that sales by Chinese entities have contributed to the latest bond sell-off either.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.