Report: China’s U.S. Treasuries are ‘Nuclear Option’

 

China’s State-Run Global Times Newspaper Declares Victory In The Trade War.

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Reuters reports any effort to reduce its U.S. Treasury portfolio would “inflict significant harm on U.S. finances and global investors, driving bond yields higher and making it more costly to finance the federal government.” But, the report notes, China’s leverage with treasuries is only good for as long as it holds them—suggesting any threat it poses may be empty.