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China's significant divestment in U.S. Treasuries has raised concerns as they sell record amounts of government bonds, signaling a strategic shift away from dollar assets. Investors are balancing Chinese sales, impacting the market. The U.S. Treasury, led by @SecYellen, faces scrutiny for its handling of the situation.
China’s Capital Outflow Surges To Highest Since 2016 In April - BBG https://t.co/kdNGCnI5WF
China’s capital outflows worsened in April, underscoring headwinds for the yuan amid a weak domestic economy and uncertainties over the Fed’s rate trajectory https://t.co/j1Ee3lGjdF
The latent risk of a (much) weaker CNY remains very present in markets! The Chinese authorities likely used up to $50bn USDs to defend the CNY according to April numbers from @Brad_Setser More -> https://t.co/iDpLSumV0O https://t.co/FzDOnLwQSn