罕见！英国抛售393亿，中国继续减持5亿，美债最大“接盘侠”出现

Group 1 - The article discusses a significant shift in global investment behavior, particularly regarding U.S. Treasury bonds, with countries like the UK and China reducing their holdings while Japan increases its investments [5][10][14] - In September, the UK sold off $39.3 billion in U.S. Treasuries, bringing its total holdings down to approximately $865 billion, marking a three-month low [12][15] - The article highlights a broader trend of foreign investors moving away from U.S. Treasuries, indicating a loss of faith in them as a safe investment, with a total reduction exceeding $100 billion [5][10][22] Group 2 - Japan, in contrast to the UK, increased its holdings of U.S. Treasuries by $8.9 billion, maintaining its position as the largest foreign holder of these bonds at $1.19 trillion [14][19] - The article emphasizes the contrasting strategies of the UK and Japan, with the UK prioritizing immediate financial safety while Japan continues to support the U.S. Treasury market despite economic pressures [17][20] - The global shift in investment strategies is also reflected in the rising value of gold, which has surpassed the total value of U.S. Treasuries held by central banks, indicating a move towards more tangible assets [22][29] Group 3 - China's reduction of U.S. Treasury holdings by $500 million is characterized as a normal adjustment rather than a panic sell-off, maintaining a strategic approach to its investments [24][25] - The article suggests that emerging markets, including China, are engaging in asset replacement strategies, moving away from dollar-denominated assets to more stable investments like gold and infrastructure [27][29] - The overall trend indicates a significant transformation in the global monetary system, with investors seeking safer and more reliable assets amid increasing risks associated with U.S. debt [29][31]