China sells treasuries for 9 straight months as foreign buyers snap up debt

[DefiantMassRINO]

... how long before the can they are kicking reaches the end of the road?

https://www.msn.com/en-us/money/markets/china-sells-treasuries-for-9-straight-months-as-foreign-buyers-snap-up-debt/ar-AA1Uj4gN
China sells treasuries for 9 straight months as foreign buyers snap up debt

Story by Karishma Vanjani

China has been a net seller of U.S. Treasuries for nine straight months now, even as the overall amount of U.S. debt held by foreigners hits a record.

In November, China sold a net $5.39 billion of U.S. debt, Treasury data released Thursday afternoon show. The tally includes short-dated Treasury bills and longer-dated notes and bonds.

The news comes after China sold net $14.96 billion in October and $9.97 billion in September. China, the third- largest foreign holder of U.S. debt, has been selling the securities since March.

Overall foreign holdings of Treasuries, meanwhile, reached a record of $9.36 trillion.

Japan was also a net seller in November, shedding $3.20 billion. But that was the first month of selling for the country since April. Japan holds the most amount of U.S. debt at $1.2 trillion, followed by the U.K.

For China, the selling could be a strategic decision to diversify away from the U.S. amid growing policy tensions. ...