China is bringing down the UST holdings, but at a much slower pace than reported by many pundits and news outlets.
THE TRUTH ABOUT THE CHINESE SELLING OF US TREASURIES Out of the reported 22-23% drawdown in the Chinese holdings of US Treasuries over the past 2 years, around 15-16%-point is driven by mark to market effects. Don't listen to people trying to claim otherwise. Yes, China is… pic.twitter.com/kj2kFjz5eW — Andreas …