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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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  • Japan Close To Winning The Race Against China In Bond Buying 3 comments
    Jan 16, 2013 11:18 AM | about stocks: TLT

    I had expected that China wouldn't buy as much U.S. treasuries in November 2012 because they bought a lot of gold (62 tonnes or $3.2 billion). But they did increase their U.S. treasuries by $200 million to $1.17 trillion.

    Though, I think that China hasn't bought a lot of treasuries in December 2012 as yields were rising that month. But no worries, Japan is going to buy all the leftovers from China. Japan is almost overtaking China with its $1.133 trillion in U.S. treasuries, supposedly to devalue the yen to increase exports.

    (click to enlarge)
    Chart 1: China U.S. treasury holdings
    Stocks: TLT
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Comments (3)
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  • dieuwer
    , contributor
    Comments (2911) | Send Message
     
    Typo, "$200 million"?
    16 Jan 2013, 11:53 AM Reply Like
  • Katchum
    , contributor
    Comments (599) | Send Message
     
    Author’s reply » The article says:
    China added just a net $200 million in the month, for a total portfolio worth $1.170 trillion.

     

    I don't think it's a typo. Also keep in mind that the U.S. reports and also China reports the numbers, so there could be some slightly different numbers between the two.

     

    And don't forget there are also the monthly revisions of the numbers.
    16 Jan 2013, 06:08 PM Reply Like
  • Katchum
    , contributor
    Comments (599) | Send Message
     
    Author’s reply » Ok, I confirmed that it's the right number:

     

    See here:

     

    http://1.usa.gov/pHzoqJ
    17 Jan 2013, 12:47 PM Reply Like
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