China, India and Brazil Sell Off $18.5 Billion in US Treasuries Amid China Slowdown
- China, India and Brazil sold $18.5 billion in US Treasuries in one month
- China reduced its Treasury holdings by $16.4 billion from July to August
- India lowered its Treasury holdings by $1.5 billion in the same period
- Brazil cut its Treasury holdings by $600 million in the time frame
- The BRICS trio's selloffs come amid China's economic downturn