China Urges Banks to Limit Exposure to US Treasuries

China's regulators are said to have urged the country's banks to curb the US treasuries exposure, citing risks around concentration and market volatility. Sources close to the matter have told Bloomberg News that officials have advised financial institutions to limit the buying of US government bonds. They also told those with high exposure to pair down their positions.So why is this a big deal. The guidance suggests growing weariness among Chinese officials that large holdings of US government debt may exp ...