China Kept Selling U.S. Debt in January

WSJ On-Line ^ | 3/15/10 | TOM BARKLEY

[Pontiac]

China continued selling U.S. Treasurys in January, although it remained the largest foreign holder following revisions that showed it never actually lost the top spot to Japan, the Treasury Department said.

Overall, foreigners were modest net buyers of long-term U.S. financial assets in January, according to the monthly Treasury International Capital report, known as TIC.

[Pontiac]

There are some major strategic moves going on here.

I am not by any means an authority on such things but this does not give me a warm fuzzy feeling.

[Pontiac]

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[Pontiac]

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[quintr]

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[GOP_Lady]

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[Swing_Thought]

Not complicated.

The US debt level is nearing catastrophic levels and there is clearly no political will to lower it, so the number one creditor is inching her way to the door before the dollar blows up.

[Diana in Wisconsin]

Exactly. "Exit Stage, Left!"

[SunkenCiv]

Overall, foreigners were modest net buyers of long-term U.S. financial assets in January

Thanks Pontiac. It's almost as if the Chinese needed to raise cash, and sold part of their only valuable, saleable asset.