中国减持118亿、加拿大减持567亿美债！为何各国近期狂抛美债？

Core Viewpoint - The latest report from the U.S. Treasury reveals significant fluctuations in the holdings of U.S. Treasury securities by major global economies as of the end of October [1] Group 1: China's Actions - China reduced its holdings of U.S. Treasury securities from $700.5 billion at the end of September to $688.7 billion at the end of October, marking a decrease of $11.8 billion [2] - This reduction brought China's holdings below the $690 billion mark, indicating a rare level of selling activity [2] Group 2: Canada's Actions - Canada exhibited a more aggressive selling trend, reducing its holdings by $56.7 billion in October, making it the largest seller of U.S. Treasuries for that month [3] Group 3: Other Countries' Actions - In contrast to the selling trends, Japan and the United Kingdom increased their holdings of U.S. Treasuries by $10.7 billion and $13.2 billion, respectively, maintaining their positions as the top two foreign holders [4] - Overall, six of the top ten foreign holders of U.S. Treasuries reduced their positions, while four increased them [5] Group 4: Market Reactions - The fluctuations in Treasury holdings have raised concerns in the market, particularly in light of the U.S. government shutdown that lasted 43 days, raising fears about the U.S. government's ability to meet its debt obligations [6] - The increase in U.S. Treasury yields in October led to a decline in the market price of existing Treasuries, contributing to the observed selling behavior [8] Group 5: Future Outlook - Following the resumption of U.S. government operations in November, market concerns regarding Treasury defaults have eased, potentially leading to a return of global capital to the U.S. Treasury market [10] - China is expected to maintain its U.S. Treasury holdings within a range of $650 billion to $750 billion, reflecting a cautious approach to asset allocation [11]