Beijing selling off US Treasurys is a sign of China's economic weakness as it tries to prop up the yuan

• China has sold some of its US Treasurys recently, and the stockpile has hit a 14-year low of $835 billion.
• That's a sign of weakness, according to Carson Group, as it shows China is trying to prop up its yuan currency.
• "The reality is that China needs the US more than the other way around."

China has been selling its US Treasurys over the past few months, but it's not a sign of economic strength and it won't hurt the US, according to a Tuesday note from Carson Group.

Beijing's holdings at the end of June hit a 14-year low of $835 billion amid mounting evidence that the post-COVID economic rebound is fizzling.