6月中国增持美国国债1亿美元

Core Viewpoint - China has increased its holdings of US Treasury bonds, marking a shift in investment strategy amid changing economic conditions [1][3]. Group 1: US Treasury Holdings - As of June, foreign investors held a total of $9.1277 trillion in US Treasury bonds, an increase of $80.2 billion from the previous month [1]. - China holds $756.4 billion in US Treasury bonds, having increased its holdings by $1 billion, marking the first increase since March [1][3]. - Japan remains the largest holder of US Treasury bonds at $1.1476 trillion, with an increase of $12.6 billion, while the UK holds $858.1 billion, having increased by $48.7 billion [3]. Group 2: Foreign Investment Trends - In June, foreign investors net increased their holdings of US securities by $77.8 billion, with private foreign investors contributing $7.3 billion and official foreign investors increasing by $70.5 billion [1]. - The net increase in US long-term securities was $192.3 billion, primarily driven by private foreign investors who net increased by $154.6 billion [1]. Group 3: Economic Outlook and Market Dynamics - A report from CICC suggests that if US stock market momentum weakens, risk appetite may decline, potentially leading to increased capital inflows into US Treasury bonds [2]. - The US economy is expected to slow down, which, combined with a reassessment of risk appetite and rising expectations for interest rate cuts, may rejuvenate demand for US Treasury bonds [2]. - Concerns over stagflation due to tariffs and fiscal sustainability may lead to a weaker dollar, impacting the volatility of US stocks and bonds [3].