Investors are dumping Chinese bonds at a record pace as sell-off extends to a 5th straight month
- Foreign investors parted with $8.3 billion in Chinese sovereign
- That's the most since 2014, when Bloomberg began tracking the data from official sources.
Foreign investors slashed their holdings of Chinese sovereign bonds at a record pace in June, extending a sell-off to a fifth straight month, according to data compiled by Bloomberg.
Investors parted with $8.3 billion, or 55.9 billion
By the end of June, the amount of Chinese bonds held by overseas investors was 2.32 trillion yuan, down from a high of 2.52 trillion yuan in January.
Other Chinese bonds were also dumped last month. Foreign investors reduced their holdings of local government bonds by 90 million yuan and policy bank notes by 35.47 billion yuan, according to Bloomberg.
Assets backed by the yuan have turned sour in recent months, as the Federal Reserve aggressively raises interest rates, which turned
China is still dealing with immense blowback stemming from zero-COVID policies that have hammered its economy.
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