If he did, he would know that China buys Treasuries through the United Kingdom (and the figures get revised later... see here), thus the picture changes.Within the July TIC data where $61.2b of net US assets were bought by foreigners, above expectations of $47.5b, the Japanese continued to close the gap with China in terms of their holdings of US Treasuries. Japan was the biggest buyer in July, purchasing a net $17.4b and taking their holdings to $821b.
Mainland China (as opposed to Hong Kong where there was net selling in July) bought $3b of Treasuries but only $873mm of it was in notes and bonds with most of it going into short term bills. The net inflow from China follows net selling of a total of $56.5b in the prior two months. Mainland China’s holdings now total $846.7b after peaking at $900.2b in April. Hong Kong’s holdings of US Treasuries peaked in Feb at $152.4b and now total $135.2b.
Source: Treasury
It gets better, they are getting Japan to buy more! We CAN make all the money we want to!
ReplyDeletei think they should give everyone personal printers...
ReplyDeleteI think so, the right solution. China with together United Kingdom have a good result in July and this score presents better position for next months.
ReplyDelete