China may be mulling Treasuries slowdown, but options limited

LONDON/WASHINGTON (Reuters) - Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or halting purchases of U.S. Treasury bonds amid a less attractive market for them and rising U.S.-China trade tensions, Bloomberg News reported on Wednesday. The report sent U.S. Treasury yields to 10-month highs and sent the dollar lower. Economists cautioned, however, that China would not be able to make large changes to the composition of its reserves as it needs them to manage its renminbi exchange rate....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2ANvIXu
via IFTTT