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https://www.cfr.org/blog/chinas-rising-holdings-us-agency-bonds https://www.cfr.org/blog/chinas-rising-holdings-us-agency-bo... > the only data I trust is Chin

https://www.cfr.org/blog/chinas-rising-holdings-us-agency-bonds https://www.cfr.org/blog/chinas-rising-holdings-us-agency-bo... > the only data I trust is China's holding of Treasuries - Do you not trust China's holding of US Federal Agency bonds? like Fannie Mae/Freddie Mac/FHA/SBA? China holds $1.2 Trillion of these, slightly higher interest rates than T-bills. - Even at their peak, T-bills only formed <7% of China's USD reserves. You really think China only needed $200 billion of FX reserves and everything else is probably faked?

neural_thing 4y ago
<7%? You must be REALLY misreading the data. China now holds <$900B in treasuries. Their official reserve number is over $3T, I'd argue it's probably $1.5T. It's never gone as low as 7%, not even close lol Source on china Treasury holdings - https://ticdata.treasury.gov/Publish/mfh.txt https://ticdata.treasury.gov/Publish/mfh.txt Source on offical China reserves - https://tradingeconomics.com/china/foreign-exchange-reserves https://tradingeconomics.com/china/foreign-exchange-reserves but as I mention, I don't trust this
- neural_thing 4y ago
  Like, for real, look at the chart in your link. It shows agency debt as being much smaller than Treasury notes and bonds.