What the PBoC cannot do with its reserves(treasury dumping,forex reserve,stimulus)

in Gold Bullion prices by admin — February 28, 2010 11:31 pm | no comments

What the PBoC cannot do with its reserves February 22nd, 2010 by Michael Pettis It is a real toss-up as to which generates more bizarre comment in the international press: Beijing’s long-feared dumping of US Treasuries, or the use and value of the PBoC’s central bank reserves. The revelation last week that Chinese holdings of US Treasury obligations fell in December by $34.2 billion, to $755.4 billion, generated a frisson of fear and excitement, leading one prominent newspaper to worry that “If there is one thing that gets investors twitchy, it is the fear that China is losing its appetite… Original Article: Forum: News/Activism

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What the PBoC cannot do with its reserves(treasury dumping,forex reserve,stimulus)

Tags: 34-2-billion appetite article excitement fear feeds michael pettis pboc revelation treasuries treasury obligations us treasury x92 x93