China, holding Treasuries, keeps ‘nuclear option’ in U.S. trade war – reuters

China held around $1.17 trillion of Treasuries as of the end of January, making it the largest of America’s foreign creditors and the No. 2 overall owner of U.S. government bonds after the Federal Reserve. Any move by China to chop its Treasury portfolio could inflict significant harm on U.S. finances and global investors, driving bond yields higher and making it more costly to finance the federal government.

via China, holding Treasuries, keeps ‘nuclear option’ in U.S. trade war