China's Dollar Problem |
| August 01, 2011 | August 2011 Bond Updates |
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China is the biggest holder of US debt outside of US fixed income investors. It's been diversifying away from buying US Treasurys all year, and instead has been buying gold and other developing market investment grade bonds. In fact, China demand for euro debt is one of the reasons why the euro -- despite the budget problems in Greece and Portugal -- has managed to hold steady against the dollar. |
| View more at: http://blogs.forbes.com/kenrapoza/2011/08/01/chinas-dollar-problem/ |
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