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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    China denies Bloomberg report the latest confusion in financial markets

    Rocky
    Rocky
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    Posts : 268447
    Join date : 2012-12-21

     China denies Bloomberg report the latest confusion in financial markets Empty China denies Bloomberg report the latest confusion in financial markets

    Post by Rocky Thu 11 Jan 2018, 8:11 am

    [size=30]China denies Bloomberg report the latest confusion in financial markets[/size]
    11/01/2018 11:56 | Number of readings:
    font size:  China denies Bloomberg report the latest confusion in financial markets Font_decrease  China denies Bloomberg report the latest confusion in financial markets Font_enlarge
     China denies Bloomberg report the latest confusion in financial markets Thumbnail.php?file=5a5720a2d43750f0338b4593_616876021
    [rtl]Trend Press / Agencies[/rtl]
     
     
    [rtl]A statement issued by the State Administration of Foreign Exchange (CNFA) on Thursday denied a report by Bloomberg that Beijing plans to stop buying US Treasuries .[/rtl]
     
    [rtl]A statement issued by the State Administration of Foreign Exchange, according to the agency "Xinhua" China that the report may have transmitted a wrong source or part of the information may be wrong .[/rtl]
     
    [rtl]The Bloomberg economic agency published a report on Wednesday based on informed sources pointed out that Chinese officials reviewing their country's foreign exchange holdings have recommended a slowdown in the purchase or suspension of US Treasury bonds .[/rtl]
     
    [rtl]According to the report, the US government bond market has become less attractive compared to other assets. They also cited trade tensions with the United States as a justification for slowing bond purchases .[/rtl]
     
    [rtl]US 10-year Treasury yields fell to 2.5366% on Thursday, compared with Wednesday's 2.549% closing, while the dollar rose 0.3% to 111.72 yen after the Chinese government's comments .[/rtl]

    [rtl] And below, a graph showing how the return of US Treasury bonds changed for 10 years, after the release of the report "Bloomberg", as well as after China denied the news.[/rtl]

     
     
     China denies Bloomberg report the latest confusion in financial markets 5a57210dd43750da338b459d
     


    China has the largest foreign exchange reserves in the world and is the largest foreign holder of US government bonds. Its holdings of these bonds last October amounted to about 1.189 trillion dollars. 
     






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