Chinese Treasuries Fall as Reflationary Wave Ends, Dollar Steadies

China's holding of U.S. treasuries peak ahead of the U.S. dollar bull market that starts in 2014. Then Chinese holdings decline through 2016 as outflows persist. China cracks down on the Anbangs, closes up the capital account, and the reflationary wave kicked off by the PBoC in early 2016 lifts the economy and eventually the capital account. China ended the reflation late last year, now U.S. treasury holdings are falling again. And the media still misinterprets the information.

Bloomberg: China's Holdings of U.S. Treasuries Drop to Six-Month Low
China’s holdings of Treasuries fell to the lowest level since July as investors soured on U.S. fixed-income securities and the dollar at the start of the year.


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