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Market shrugs as China slashes US debt stake by US$180b

Other sources of demand for US Treasuries are filling the void
Tuesday, August 11, 2015 - 05:50

New York

TO get a sense of how robust demand is for US Treasuries, consider that China has reduced its holdings by about US$180 billion and the market barely reacted.

Benchmark 10-year yields fell 0.6 percentage point even though the largest foreign holder of US debt pared its