Tech Insider
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
The US Department of the Treasury building.

Celal Gunes / Anadolu Agency

  • China cut its holdings of US Treasurys to a 14-year low in June.
  • Bond prices have tanked in 2023 with investors fretting about the Federal Reserve's interest-rate hikes.
  • Tensions between Washington and Beijing are also still high.

China slashed its holdings of Treasurys to a 14-year low in June, as tensions between Washington and Beijing persist and the US's rivals try to undermine the dollar's supremacy.

The world's second-largest economy trimmed its exposure to American government debt to by $103 billion, or 11%, according to Treasury Department data published Tuesday.

Tags
Markets, MI Exclusive, US Treasuries, US Markets and Economy, China, US china tensions, US-China rivalry, US-China, US-China relations, US-China Trade War, Capital Outflow, Bond Market, Bond Yields, 10-year treasury yield, treasury yields
Source
China fuels US bond rout by slashing holdings to 14-year low as Washington-Beij…