China, Brazil and Saudi Arabia Dump Billions in US Treasuries Amid Rising Yields and Economic Concerns

China, Brazil, and Saudi Arabia sold off a combined $17.4 billion in US Treasuries in July 2022.

This sell-off comes amidst broader BRICS nations reducing their Treasury holdings.

The sales follow a bond market sell-off and spike in Treasury yields.

Investors believe the Fed will keep interest rates steady or hike them further at their next meeting.

Declining Treasury holdings could signal economic concerns in China and strategic shifts among BRICS members.