Treasuries Choppy as China Move Adds to Pressures on Market

From finance.yahoo.com

Treasuries opened the week mixed in a session marked by concerns that Chinese banks are reining in their holdings of US government bonds and questions over the health of the labor market. Yields on longer-dated bonds rose and the dollar fell after Chinese regulators were said to have advised the nation’s financial institutions to curb their holdings of Treasuries due to market volatility. While the request was framed around diversifying risk, it may reinforce a recent global trend that has seen the likes of India and Brazil lower their exposure to the world’s biggest bond market amid growing doubts about the ... (full story)