You are here: Home » Reuters » News
Business Standard

Report on China slowing U.S. bond purchases may be "fake" - regulator

Reuters  |  BEIJING 

BEIJING (Reuters) - A report that China is considering slowing or halting purchases of U.S. Treasury bonds may be based on erroneous information and could be "fake", the country's foreign exchange regulator said on Thursday. Bloomberg News reported on Wednesday that Chinese officials reviewing the country's vast foreign exchange holdings had recommended slowing or halting purchases of U.S. Treasury bonds amid a less attractive market for them and rising U.S.-China trade tensions. The report sent U.S. Treasury yields to 10-month highs and sent the dollar lower."The news could quote the wrong ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 11:40 IST
RECOMMENDED FOR YOU