China’s holdings of U.S. Treasury securities fell to the lowest level since May 2010, following a sixth successive month of selling in May, a Treasury International Capital (TIC) report from the U.S. Treasury Department showed.
China sold $23 billion of U.S. Treasury securities in May, lowering its total ownership to $980.8 billion, according to the latest monthly data released on July 18.
It’s the first time China’s holdings of U.S .debt dropped below the $1 trillion mark since May 2010, when its stock of Treasuries was at $843.7 billion. In April, China had $1.003 trillion.
Beijing has been dumping U.S. government debt for six straight months, selling a total of $100 billion during that period….