Geopolitical tensions and volatility in American bond markets have reportedly been raising risk concerns
China has urged its banks to curb their exposure to US government debt, citing market volatility and growing financial and geopolitical risks, Bloomberg has reported citing people familiar with the matter.
Over the past decade, China has steadily trimmed its US Treasury holdings, a shift that has seen it overtaken by Japan and the UK as the largest foreign holders of American debt. Since peaking at around $1.3 trillion in 2013, its holdings have fallen roughly by half to about $650–700 billion, reaching levels not seen since 2008.
Beijing…
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