China Slashes U.S. Debt Stake by $180 Billion, Bonds Shrug

``Now, the Asian nation is stepping back as it raises money to support flagging growth and a crumbling stock market, and allows its currency to trade more freely. The latest update of Treasury data and estimates by strategists suggest that China controls $1.47 trillion of Treasuries. That includes about $200 billion held through Belgium, which Nomura Holdings Inc. says is home to Chinese custodial accounts.'' -- What's amazing is how this is almost a purely rah-rah article, pumping Treasuries even though the simultaneous claim is that a rate rise is coming...