holdings Archives - Page 2 of 2 - Citizen Watch Report

Saudi Arabia has significantly reduced its US Treasury holdings, dropping 41% from $184 billion in February 2020 to $108 billion, while China’s holdings reached a 14-year low of $835 billion.

September 11, 2023 1:08 pm

While China has been offloading US Treasuries for 10+ years, the rate has accelerated. Both Canada and Mexico also now account for a higher % of US imports than China. It seems like the trade war is back. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/paivr3aYSS — The Kobeissi Letter (@KobeissiLetter) September …

US Fed reduces MBS holdings by $20.5billion between 19th and 27th July ’23

July 28, 2023 3:49 pm

h/t TheCrownedPixel

Chinese Banks Offload Huge Dollar Holdings As Yuan Surges

July 26, 2023 9:59 pm

Amidst a global move towards de-dollarization and increasing demand for yuan-based transactions, the efforts of Chinese policymakers to prop up their currency have increasingly gained traction. In efforts to bolster the yuan, China’s major government-controlled banks began offloading their US dollar holdings to acquire the Chinese currency in both domestic and international spot markets during …

China’s Tencent Holdings introduces cashless payment service for Beijing metro riders using WeChat Pay, utilizing surface-level palm prints and hand veins, and Tencent’s YouTu AI lab.

July 11, 2023 6:51 am

“Hey, have you heard the latest from China? They’re going all-in on the cashless life! Tencent Holdings, the social media powerhouse, has just launched a super cool payment service for Beijing metro riders. And get this – you can pay for your ride with just your palm! No cash, no card, no problem. It’s all …

Rebound in Rates Puts Pressure on Banks, Holdings of bonds and loans likely fell in value for most lenders in the second quarter

July 5, 2023 10:06 pm

From the WSJ: Unrealized losses on bonds and loans held by U.S. banks are expected to have grown in the second quarter, potentially reanimating an issue that made investors nervous earlier this year. Meanwhile, pressure on profits is rising. A resilient economy and a steadier banking system caused market values for debt to generally fall …

Turkey’s sale of 81 tons of gold in April caused global central bank reserves to fall for the first time in over a year, while Poland made the biggest purchase, adding 15 tons of gold to its holdings.

June 6, 2023 1:19 pm

via SCHIFFGOLD: A large sale by Turkey in April caused global central bank reserves to fall for the first time in over a year, even as central bank gold buying continued. Official global reserves dropped by 71 tons in April, according to the latest data collected by the World Gold Council. While the overall drop …