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Title: China Divests 97% of Holdings in US Treasury Bills June 3rd, 2011
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URL Source: http://investmentwatchblog.com/chin ... holdings-in-us-treasury-bills/
Published: Jun 3, 2011
Author: CNSNews.com
Post Date: 2011-06-04 02:23:49 by Mad Dog
Keywords: don, be HAPPY, suckers
Views: 7350
Comments: 13
China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.
Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.
Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.
Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.
Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year. But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed.
By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion.
However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills.
In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October.
As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion. -
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In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October.
Don't worry, BE HAPPY!
All HAIL the messiah "king" obammy!
Useful idiots UNITE!
What a man! /S
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#2. To: Mad Dog (#0) (Edited)
It's time for that 25% tariff on Chinese goods. hObama and Bohner are playing golf.
They're calling it a "golf summit". Nero fiddled, Democrats and Republicans play golf.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
#3. To: hondo68 (#2)
.
SOMETHING different sure needs to be done by AMERICA fer sure.
Changing out the messiah "king" obammy and the weeping boner et. al. would be a good start.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#4. To: All (#0)
More details:
...
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills
Friday, June 03, 2011
By Terence P. Jeffrey
(CNSNews.com) - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.
Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.
Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.
Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.
Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year.
But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed.
By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion.
However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills.
In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009-- when China started to reduce its holdings in short-term Treasury bills--and ultimately peaked at $1.1753 trillion last October.
As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion. Most of the U.S. national debt is made up of publicly marketable securities sold by the Treasury Department and I.O.U.s called “intragovernmental” bonds that the Treasury has given to so-called government trust funds—such as the Social Security trust funds—when it has spent the trust funds’ money on other government expenses.
The publicly marketable segment of the national debt includes Treasury bills, which (as defined by the Treasury) mature in terms of one-year or less; Treasury notes, which mature in terms of 2 to 10 years; Treasury Inflation-Protected Securities (TIPS), which mature in terms of 5, 10 and 30 years; and Treasury bonds, which mature in terms of 30 years.
At the end of August 2008, before the financial bailout and the stimulus, the publicly marketable segment of the U.S. national debt was 4.88 trillion. Of that, $2.56 trillion was in the intermediate-term Treasury notes, $1.22 trillion was in short-term Treasury bills, $582.8 billion was in long-term Treasury bonds, and $521.3 billion was in TIPS.
At the end of March 2011, by which time the Chinese had dropped their Treasury bill holdings 97 percent from their peak, the publicly marketable segment of the U.S. national debt had almost doubled from August 2008, hitting $9.11 trillion. Of that $9.11 trillion, $5.8 trillion was in intermediate-term Treasury notes, $1.7 trillion was in short-term Treasury bills; $931.5 billion was in long-term Treasury bonds, and $640.7 billion was in TIPS.
Before the end of March 2012, the Treasury must redeem all of the $1.7 trillion in Treasury bills that were extant as of March 2011 and find new or old buyers who will continue to invest in U.S. debt. But, for now, the Chinese at least do not appear to be bullish customers of short-term U.S. debt.
Treasury bills carry lower interest rates than longer-term Treasury notes and bonds, but the longer term notes and bonds are exposed to a greater risk of losing their value to inflation. To the degree that the $1.7 trillion in short-term U.S. Treasury bills extant as of March must be converted into longer-term U.S. Treasury securities, the U.S. government will be forced to pay a higher annual interest rate on the national debt.
As of the close of business on Thursday, the total U.S. debt was $14.34 trillion, according to the Daily Treasury Statement. Of that, approximately $9.74 trillion was debt held by the public and approximately $4.61 trillion was “intragovernmental” debt.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#5. To: Mad Dog (#1)
Don't worry, BE HAPPY!All HAIL the messiah "king" obammy!
Useful idiots UNITE!
What a man! /S
Is there no hope for your sorry ass? You really think this is only Obama, or are you just a shill?
BOTH sides are doing this to you. BOTH sides which are really the same side.
Tag line: I wuz HACKED, cuz I SAY so!
#6. To: Wood_Chopper (#5)
Hey shit head BOOSH started with around 500 BILLIONS, I was against it then and I'm against it NOW.
BUT your messiah "king" obammy TRIPLED it to almost $1.5 TRILLIONS since he's been on office.
Your messiah "king" obammy IS the main reason we are here now FOOL.
YOUR messiah "king" obammy is President NOW moron.
"Both sides" are not the same FOOL.
When you speak of both ESTABLISHMENT partees, demonRATS do NOT equal "liberals" they equal communists and worse, and repukelican'ts sure as hell don't equal AMERICAN'S best interests either they are statists at best.
The only REAL DIFFERENCE IN AMERICAN NATIONAL POLITICS TODAY is between "Hate America FIRST!" libTURDS, and actual CONSTITUTIONAL CONSERVATIVES.
But, it's a waste of time trying to treat you as if you are capable of actual nuanced rational or logical thought.
Because unfortunately you are not.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#7. To: Mad Dog (#6)
"Both sides" are not the same FOOL.When you speak of both ESTABLISHMENT partees, demonRATS do NOT equal "liberals" they equal communists and worse, and repukelican'ts sure as hell don't equal AMERICAN'S best interests either they are statists at best.
You're a fucking moron.
My bet is that you think the movies you watch are real.
Tag line: I wuz HACKED, cuz I SAY so!
#8. To: Wood_Chopper (#7)
LOL!
Well woody BOY, you are certainly the expert here on acting like, and being, a gibbering fucking moron.
Still NOT a word from YOU moron about the actual problem.
IF you had a pot to piss in loser I'd take that bet and all of your stuff.
But I don't need your cardboard box, uh I mean your "house", anyway.
Don't cuss at the screen loser, they'll kick you out of the library.
LOL!
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#9. To: Mad Dog (#8)
Still NOT a word from YOU moron about the actual problem.
I believe I've stated quite clearly that you are a moron.
Tag line: I wuz HACKED, cuz I SAY so!
#10. To: Wood_Chopper (#9)
Still NOT a word from YOU moron about the actual problem.I believe I've stated quite clearly that you are a moron.
LMAO!!!!!!!!!!!!!!
OK, I don't care who you are, THAT was funny!
It almost makes my reply difficult.
(Almost.)
Uh yeeeeeeeeeeeeeeeeeeaaaaaaaahhhhhh "genius", the blatant intergenerational theft of TRILLIONS of AMERICA'S people's money is just hilarious stuff isn't it?
Especially when that exact same money is being used to build a more corrupt more totalitarian regime than the United States of AMERICA has ever seen.
Making an admittedly flawed country into just another totalitarian shit hole is a real good joke alright!
You FUCKING MORON.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#11. To: Mad Dog (#10)
Uh yeeeeeeeeeeeeeeeeeeaaaaaaaahhhhhh "genius", the blatant intergenerational theft of TRILLIONS of AMERICA'S people's money is just hilarious stuff isn't it?
Who is doing that. Be specific.
You've identified the problem MD.
You just don't know who all the bad guys are.
Tag line: I wuz HACKED, cuz I SAY so!
#12. To: Mad Dog (#0)
TBill issuance collapsed late last year. They rolled their purchases out the curve...BFD...
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
#13. To: Wood_Chopper (#11)
You're high right?
The feral gooberment is busy grabbing all power unto it'self.
All LAW is ignored by the so called powers that be.
The FACT is is that there is NO LAW for the gooberment anymore.
The messiah 'king" obammy is working the Cloward/Piven strategy right NOW and has been for his entire term so far.
WHO is doing it you ask?
Don't be absurd.
Want me to explain how this started when the feral gooberment actually gained control of the several states? Want to blame it on Lincoln and the Civil WAR?
How about we blame Teddy Roosevelt? FDR?
How about tricky Dickie Nixon sliding up next to Chi-Coms? How about those responsible for taking us off of the Gold standard?
Maybe it's Carter's fault? Klintoon?
See the problem woody?
BLAME doesn't FIX THE PROBLEM.
BLAME doesn't STOP THE ACTIONS GOING ON RIGHT NOW does it woody?
You see woody, MEN solve the problem FIRST, THEN work to assign guilt and blame AFTER the problem has been corrected.
But ... if you want to act like a childish fool ... keep whining about whose FAULT it is woody boy; but PHUCK!
Don't actually DO anything but talk.
drip
Drip
dRip
drIp
driP
RUST NEVER SLEEPS.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
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