Why China, Japan, and the UK Are Reducing Their Treasury Holdings—and What Treasury Buybacks Mean for the Bond Market
After the latest June TIC data were released, one thing immediately caught the market’s attention: China, Japan, and the United Kingdom all reduced their Treasury holdings at the same time, while total foreign Treasury holdings fell by roughly $72 billion for the month. At first glance, it looks li…
After the latest June TIC data were released, one thing immediately caught the market’s attention: China, Japan, and the United Kingdom all reduced their Treasury holdings at the same time, while total foreign Treasury holdings fell by roughly $72 billion for the month. At first glance, it looks lik...