Relevant:
- China dumping more than Treasuries as US stocks join fire sale
- China Bought More Treasuries Than Disclosed, Perhaps Illegally; Nuclear Dollar Dumping Theory Revisited
- China Holdings of US Treasuries Revised Up 30%; An Unsustainable Model
- China Weighs Slowing or Halting Purchases of U.S. Treasuries
- Why China Liquidations May Not Spike US Treasury Yields
2015-08-27 — zerohedge.com
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"It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind."
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"By selling Treasuries to defend the renminbi, they're preventing Treasury yields from going lower despite the fact that we've seen a sharp drop in the stock market," David Woo, head of global rates and currencies research at Bank of America Corp., said on Bloomberg Television on Wednesday.
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