Ray Dalio Warns of Reduced China and Japan Demand for US Treasuries
Ray Dalio told Bloomberg Television that China and Japan are trimming US Treasury holdings as the 10-year yield sits near its highest level since 2002.
Why it matters
The report ties official buying from China and Japan to US government borrowing costs at a point when the 10-year yield sits near its highest since 2002, and a further pullback would sit on top of the selloff already under way. Dalio's own debt-crisis warning is his own projection and carries no independent estimate in this set.
Key facts
Ray Dalio is warning that demand for US Treasuries could fall as China and Japan reduce their holdings.
Reported by The Daily Hodl
Dalio told Bloomberg Television that China no longer wants to keep adding US debt to its holdings.
Reported by The Daily Hodl
Dalio said Japan has lent a lot of money that it now wants to bring back home.
Reported by The Daily Hodl
Dalio said the United States depends on foreign capital for about a third of its debt, with much of that money from Japan and China.
Reported by The Daily Hodl
Dalio repeated his warning that the United States could face a debt crisis within three years.
Reported by The Daily Hodl
The 10-year US Treasury yield is hovering around 5.3%, a level not seen since 2002.
5.3 %Reported by The Daily Hodl
China and Japan have reduced their US Treasury holdings since the start of the year.
Reported by The Daily Hodl
Japan is the largest foreign creditor to the United States and China is the third-largest.
Reported by The Daily Hodl
What happened
The Daily Hodl, citing Bloomberg, reported that Bridgewater Associates founder Ray Dalio is warning that demand for US Treasuries could weaken because China and Japan are pulling back. Dalio told Bloomberg Television that China no longer wants to keep adding US debt to its holdings, and that Japan has lent a lot of money it now wants to bring back home. He said the United States depends on foreign capital for roughly a third of its debt, with much of that money coming from Japan and China, and he repeated a warning that the country could face a debt crisis within three years. The report comes as a global bond selloff has pushed the 10-year Treasury yield to about 5.3%, a level last seen in 2002, with inflation, fiscal spending and resilient growth weakening bond demand worldwide. Nothing in this set independently confirms Dalio's remarks or the reported size of the holdings; the account rests on a single outlet.
How the story developed
- First report
First report by The Daily Hodl
Billionaire Ray Dalio Warns China and Japan Could Pull Back From US Treasuries As 10-Year Yields Hit Highest Level Since 2002
- Update
Dalio warns of reduced Chinese and Japanese demand for US Treasuries
The Daily Hodl reported Ray Dalio's remarks to Bloomberg Television, alongside a global bond selloff that pushed the 10-year Treasury yield to about 5.3%.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Daily Hodl Crypto media | Billionaire Ray Dalio Warns China and Japan Could Pull Back From US Treasuries As 10-Year Yields Hit Highest Level Since 2002 | Original |
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