Is China quietly dumping US Treasuries? By Ambrose Evans-Pritchard Last Updated: 6:55pm BST 05/09/2007 A sharp drop in foreign holdings of US Treasury bonds over the last five weeks has raised concerns that China is quietly withdrawing its funds from the United States, leaving the dollar increasingly vulnerable. Data released by the New York Federal Reserve shows that foreign central banks have cut their stash of US Treasuries by $48bn since late July, with falls of $32bn in the last two weeks alone. "This comes as a big surprise and it is definitely worrying," said Hans Redeker, currency chief at...
