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China's Treasury Pile Is Shrinking on Paper. The Custody Data Tell a Different Story

yf_tkr_STT · 2026-10-19

$STT

American News Group News Commentary - China held $590.7 billion of U.S. Treasury securities at the end of August, down from $699.7 billion a year earlier, according to U.S. Treasury data released Friday. Fortune called it the lowest level in 18 years, and for anyone watching de-dollarization, the trend looks clear. But over the same year, holdings attributed to Belgium and Canada kept climbing, and a former Treasury official who follows the data says some of China's bonds may simply be sitting i

Sector coverage: Financial Services · Asset Management

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