PrintTREASURIES-US Treasuries dip after report of China urging banks to ease exposure
BY Reuters | TREASURY | 02:11 AM ESTSINGAPORE, Feb 9 (Reuters) - U.S. Treasuries prices slipped on Monday after a news report said China ?had urged banks to curb ?their holdings of U.S. government ?bonds, citing concentration risk ?and ?market volatility.
Bloomberg News said officials in ?China urged ?banks to limit purchases of U.S. government bonds ?and instructed ?those ?with high exposure to pare down their positions, citing people familiar ?with the matter.
The directive does not apply to state holdings of U.S. Treasuries, Bloomberg reported, ?adding ?that the guidance reflects growing wariness among officials ?that large holdings of U.S. government debt may expose banks to sharp swings.
The yield on benchmark U.S. 10-year ?notes was up 3 basis points at 4.2359%. (Reporting by Ankur Banerjee ?in Singapore; Editing by Christopher Cushing)
