⚖️🇺🇸 Japan, China Trim Holdings Of U.S. Treasury Securities

• Japan and China, the largest major holders of U.S. Treasuries, continued to decrease the net amount of U.S. notes in October

• U.S. securities held by Japan fell for the fourth consecutive month to USD1.078 tln, holdings were at USD1.320 tln a year ago

• We have seen Japanese monetary authorities selling U.S. dollar denominated securities as they intervened in FX markets to support the yen in Q3

• China holdings of U.S. treasury securities declined by USD24 billion to USD909.6 billion, this was the third-largest decline seen in a year