-
Long-term Treasurys: +99.864BN, vs -$1.153BN sold in April
-
Agencies +37.283BN, similar to the $36.714BN in April
Corporate bonds bought $4.462BN, down from $22.5BN in April
Equities sold $9.15BN, down from $7.04BN in April and the 5th consecutive month of stock sales by foreigners, longest stretch since late 2018!
Foreign official institutions sold $34.1 billion in USTs in May...
BUT... foreign private investors (not central banks or reserve managers) bought a record $133.94 billion in May...
Most notably, China's holding of US Treasuries fell below $1 trillion for the first time since June 2010...
Source: Bloomberg This is the 6th straight month of selling by China for a total of $100 billion over that period.China was the biggest seller in May (the latest month available) followed by Ireland and Canada.
Japan remains the largest holder of USTs with $1.2 trillion (though it too saw a decrease in May of $5.7 billion).
The Cayman Islands (proxy for hedge funds) saw a $1.7 billion increase in UST holdings to $293.3 billion.
Switzerland bought most in May ($22.5 billion) along with UK and Belgium.
Finally, we note the de-dollarization trend continues (though there was some selling of gold reserves in the latest period)...
As UST holdings drop to their lowest since Oct 2020.
Business Magazine
China Has Dumped Over $100 Billion Of US Treasuries In The Last 6 Months
Posted on the 18 July 2022 by Phil's Stock World @philstockworldAuthor's Latest Articles
-
Why Nvidia Is Finally About to Face Competition From These Rivals
-
Look out Below: AI’s Double-edged Sword Slashes Dell, MongoDB, Salesforce and More – SiliconANGLE
-
Does the US Have a Planned Economy? You Might Be Surprised
-
An AI Tool for Predicting Protein Shapes Could Be Transformative for Medicine, but It Challenges Science’s Need for Proof