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China officials recommend slowing or halting U.S. bond purchases: Bloomberg


(Reuters) - Officials reviewing China's vast foreign-exchange holdings have recommended slowing or halting purchases of U.S. government bonds, seeing the market for them as becoming less attractive, Bloomberg News said on Wednesday.Story:COMMENTS:GUY LEBAS, CHIEF FIXED INCOME STRATEGIST AT JANNEY MONTGOMERY SCOTT LLC IN PHILADELPHIA"The reason that China holds Treasuries doesn't have to do with their tactical trading and profit goals. China owns Treasuries because they export goods to the United States and they get dollars in exchange for those goods and they have to do something with those ...

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First Published: Wed, January 10 2018. 21:56 IST