Chinese Treasury Holdings Slide To Lowest Since July

In the aftermath of Bloomberg's report from last week that China may slow down or reverse its Treasury purchases should the US trigger trade war with Beijing, pundits were closely watching today's TIC report from the Treasury to see what China did November. And according to the just released Treasury International Capital data data for the month of November, Chinese Treasury holdings dropped from $1,189.2BN in October to $1,176.6BN in December, the lowest since July's $1,166BN.

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China wasn't the only seller in November: the total value of foreign investors Treasury coupon holdings fell $18.825 billion in November on top of a $22.264 billion decline in October, but foreign holdings of corporate debt surged $28.699 billion in November, following a $10.447 increase in October. There was also a net increase in the value of GSE/MBS holdings of $12.267 billion in November after the $9.971 billion increase in October. These totals do not include adjustments for non-marketable Treasuries, ABS repayments and stock swaps.

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On an LTM basis, foreign central banks sold $127.3 billion in TSY, a liquidation which peaked in November 2016 and was driven by China. This was modestly below the $121.5 billion in October.

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Some other notable foreign holders of US paper:

  • Japan holds $1.08t, a decrease of $9.9b from last month
  • Belgium holds $115.3b of U.S. Treasuries, a decrease of $0.7b from prior month
  • Russia holds $105.7b of U.S. Treasuries, an increase of $0.7b from prior month
  • Cayman Islands hold $269.4b, a decrease of $0.5b from last month
  • Saudi Arabia holds $149.0b, an increase of $3.8b from last month

 

Comments

Arnold Arnold Wed, 01/17/2018 - 17:12 Permalink

"A true heavyweight in the investment funds arena, the country has carved out a particular niche in respect of hedge funds and other alternative investment funds such as private equity and real estate. Some 80 per cent of the world's offshore hedge funds are domiciled here ..."

https://www.cayman.com.ky/cayman-bank-accounts

https://corporatefinanceinstitute.com/resources/careers/companies/top-b…

In reply to by Arnold

lester1 Wed, 01/17/2018 - 16:27 Permalink

China sells, the unaudited Federal Reserve buys!

 

AND other central banks have been dumping their crypto holdings and buying bonds in order to keep a lid on the US bond market which is about to explode! 🌋

buzzsaw99 Wed, 01/17/2018 - 16:31 Permalink

they are selling usa Ts and buying usa equities. oh yeah, that's going to teach those imperialist swine usa maggots one hell of a lesson.  hahahahahaha!!

MontgomeryScott Thu, 01/18/2018 - 23:17 Permalink

I'd like to know some REAL news, Tylers, regarding the opening of the PETRO-YUAN trading bourse.

Mittens Romney (that 'good Mormon boi') had about .247 BILLION on deposit in the Cayman Islands when he 'ran' for 'resident' back in '12.

 

What's a 'treasury coupon'? is that like the junk mail flyer thingies; or advertisements in the NYT paper/RAGS; that I can cut out and take to my local 'Treasury Store(s)' to 'SAVE' MOAR MONIES? I get it...

Simply 'cut and paste' coupon code 'MOAR WOAR WHORES' to this special 'NIRP' offer... use the code 'GREEK BANKING' to receive an additional 5% off (if you add the term 'haircut', you can DOUBLE the power of the printing presses and be entered to win an all-expenses-paid cruise to the S**thole of your choice within CONUS! Destinations include St. Louis, Cleveland, Baltimore, Chicago, and the greater Minneapolis/St. Paul metros. The GRAND PRIZE is the dream of a LIFETIME... a full day spent within the Sacramento STATEHOUSE!). Prizes may vary. Some restrictions apply. Not legal in all countries. Check the U.N. or local 12-member branches for details. Citizens of ACTUAL 'shithole countries' are guaranteed a prize. See your local Federal Reserve branch bank (and the elite shitholed shitheads that operate it) for further details. Offer expires 12/14/18 (unless total global thermonuclear war is initiated by either the issuer or the issuee.)

 

I wonder when the TYLERS are going to repair the 'comments' section. WISH in ONE hand, and SHIT in the other; and see which one gets full FIRST.