The ongoing decline in China's US bond holdings is not as big as it seems, according to Ned Davis Research.
"Although China's holdings of US debt are down, after some adjustments, it's a lot less than the headline implies," NDR said.
"The rationale for using these conduits is that when added to China's Treasury holdings, they closely track China's foreign exchange reserves."
"Although China's holdings of US debt are down, after some adjustments, it's a lot less than the headline implies," Kalish said.
AdvertisementOne person who's not concerned about China reducing its Treasury holdings is US Treasury Secretary Janet Yellen.
Persons:
Ned Davis, —, Joseph Kalish, Kalish, who's, Janet Yellen, Xi
Organizations:
Ned Davis Research, NDR, Service, US, Treasury
Locations:
China, Beijing, Belgium, Luxembourg, San Francisco