China, Japan and the UK are dumping billions of dollars in US Treasuries.
New numbers from the Treasury Department show the three nations collectively slashed their holdings by $81 billion in December.
China unloaded $9.6 billion in Treasuries, reaching its lowest holdings since 2009 at $759 billion.
Japan sold off $27.3 billion in bonds, with the nation now holding $1.0598 trillion in Treasuries, the most of any single country.
And the UK also pared back in a major way, leading the pack with $44.1 billion in Treasury sales, reaching a total holdings of $722.7 billion.
This trio’s retreat from US debt, combined with China’s aggressive gold accumulation, underscore concerns about a potential strategic shift away from US dollar assets as America faces a $2 trillion deficit and mounting borrowing costs.
The moves also come as yields on 10-year Treasuries hover near 4.5%, testing demand as the Federal Reserve continues…
