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Monday, March 15, 2010

China Reduces U.S. Treasury Debt Holdings

The figures for January 2010 are out and China continues to reduce its holds of U.S. Treasuries. See the Globe and Mail article here.  Looking at another of my posts showing the continuing slide in the U.S. financial situation, can you blame them?  They need to get out while they can but they are trying to do it slowly to avoid a general run for the exits by the market. That wouldn't help China or anyone else.