{
  "id": 1650987,
  "title": "China trims US Treasury holdings amid Iran war, Fed uncertainty",
  "url": "https://urgent.news/2026/08/18/china-trims-us-treasury-holdings-amid-iran-war-fed-uncertainty",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T02:00:26.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/economy/china-economy/article/3364353/china-trims-us-treasury-holdings-amid-iran-war-fed-uncertainty"
  },
  "original_language": "en",
  "account": "In June, China reduced its holdings of US Treasuries to a near 18-year low, marking the lowest level since September 2008. The country's holdings fell to US$633.4 billion from US$659.3 billion in May, according to data released by the US Treasury Department. Overall, foreign holdings of US Treasuries decreased to US$9.299 trillion in June from US$9.371 trillion in May. The tension surrounding the US-Iran conflict and uncertainty surrounding the upcoming Federal Reserve policy had investors closely monitoring the situation. This period also saw the beginning of Kevin Warsh's tenure as the chairman of the Federal Reserve, during which he made a brief statement during the policy meeting without providing a rate forecast, leaving investors with less clarity on future interest rate movements. The climb in US Treasury yields to multi-year highs, particularly at the long end, was driven by concerns over the fiscal sustainability of the United States government. The 30-year yield rose to 5.31 percent, its highest level since June 2007, while the 10-year yield increased to 4.724 percent. Other major holders of US debt, such as Japan and the United Kingdom, also reduced their holdings in June. The People's Bank of China increased its gold reserves for the 21st consecutive month in July, reaching a total of 76.08 million troy ounces.",
  "summary": "China cut its holdings of US Treasuries to a nearly 18-year low in June, as Beijing continued to diversify its foreign exchange reserves amid heightened geopolitical tensions and growing uncertainty over the policy outlook in the United States. Holdings fell to US$633.4 billion in June from US$659.3 billion in May, data released by the Treasury Department of the United States showed on Monday.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}