China dumped more US Treasurys in May, pushing their holdings to the lowest level in two years, according to data released this week by the US Treasury Department.
The Chinese divested themselves of US debt for the third straight month, selling off another $2.8 billion in Treasurys in May. The month before, China dumped $7.5 billion in US bonds and that followed on the heels of the biggest US Treasury selloff by the Chinese in nearly 2 1/2 years in March. Over the last three months alone, the Chinese have shed $20.3 billion in US debt.
