Chinese press says selling is coming State-sanctioned Global Times — citing economists — says China will cuts its holdings of US bonds from the current level of above $1 trillion to about $800 billion on worries about US crackdowns and a ballooning US deficit. This is framed as speculation but nothing gets past the Chinese
Central banks doing now what they should have been doing a decade ago The last half of the 2010s was characterized by central banks trying to get back to ‘normal’ or to ‘home’ on interest rates. They were obsessed with getting away from the zero bound, just so they could cut again in the future.