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对美债担忧加剧,中国8月减持美国国债至18年低点China cuts US Treasury holdings to 18-year low in August as American debt fears mount

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中国进一步减持美国国债,8月份持仓降至18年来的最低水平。在地缘政治紧张局势加剧和对华盛顿财政前景的担忧下,中国继续推动外汇储备多元化。

China has further reduced its holdings of US Treasuries to an 18-year low in August, as it continued to diversify its foreign exchange reserves amid rising geopolitical tensions and concerns over Washington’s fiscal outlook.

美国财政部周五公布的数据显示,中国持有的美国国债在8月降至5907亿美元,较7月的6180亿美元减少273亿美元。中国金融数据提供商Wind称,这是自2008年8月以来的最低水平,当时中国持仓曾降至5737亿美元。

China’s holdings fell to US$590.7 billion in August, down US$27.3 billion from US$618 billion in July, data released by the US Treasury Department showed on Friday. That marked the lowest total recorded since August 2008, when its holdings tumbled to US$573.7 billion, according to Chinese financial data provider Wind.

当月,中国与美国最大外国债权国日本一起抛售美国国债。日本在8月将持仓降至1.07万亿美元,较7月的1.1万亿美元减少356亿美元。

China joined Japan, the largest foreign holder of US debt, in offloading the bonds that month. Japan cut its holdings to US$1.07 trillion in August by selling US$35.6 billion from US$1.1 trillion in July.

数据显示,尽管日本和中国抛售国债,但受英国和加拿大增持推动,外国持有的美国国债总额仍从7月的9.25万亿美元升至8月的9.33万亿美元。

Overall foreign holdings of US Treasuries climbed to US$9.33 trillion in August from US$9.25 trillion in July, the data showed, as increases from Britain and Canada partly offset sales from Japan and China.

作为美国第二大外国债权国,英国的持仓从9983亿美元增至1.01万亿美元。加拿大的持仓增加383亿美元,达到4646亿美元。

Britain, the second-largest holder of US debt, saw its portfolio rise to US$1.01 trillion from US$998.3 billion, official data showed. Canada’s holdings increased by US$38.3 billion to US$464.6 billion.

随着美国总债务在8月突破惊人的40万亿美元大关,30年期国债收益率仍维持在5%以上,市场对华盛顿财政可持续性的担忧进一步加深。

Worries over Washington’s fiscal sustainability deepened in August as total US debt topped a staggering US$40 trillion, while the 30-year Treasury yield remained above the 5 per cent mark.

为支持债券市场流动性,美国财政部于8月中旬宣布,将“至少翻倍”增加对10至30年期证券的回购力度。

To support liquidity in the bond market, the US Treasury announced in mid-August that it would “at least double” buy-backs of 10- to 30-year securities.

当月,美国还与日本联合干预汇市以支撑日元。根据日本财务省的数据,东京在7月30日至8月26日期间花费15.4万亿日元(约合972亿美元)进行干预。

The US also worked jointly with Japan to prop up the yen that month, with Tokyo spending 15.4 trillion yen (US$97.2 billion) on the intervention between July 30 and August 26, according to data from the country’s Ministry of Finance.

最近几周,长期美国国债收益率持续攀升。投资者对美联储决定加息0.25个百分点作出反应——这是其超过三年来的首次加息,原因是通胀担忧。

Long-term Treasury yields continued to climb in recent weeks, with investors reacting to the US Federal Reserve’s decision to raise interest rates by a 0.25 percentage point – its first rate increase in over three years – due to inflation concerns.

周五下午,30年期美国国债收益率在最近交易于24年高点附近后降至5.43%。10年期收益率为5.08%。

On Friday afternoon, the 30-year US Treasury yield fell to 5.43 per cent after trading around a 24-year high recently. The 10-year yield stood at 5.08 per cent.

去年3月,中国在外国持有美国国债的排名中滑落至第三位,仅次于日本和英国,延续了在美国总统特朗普第一任期内因紧张局势升级和对美元武器化的担忧而开始的逐步但不均衡的撤退。

China slipped to third place among foreign holders of US Treasuries in March last year – behind Japan and the UK – continuing a gradual but uneven retreat that began during US President Donald Trump’s first term amid rising tensions and concerns over the weaponisation of the US dollar.

与其对美国债务的广泛抛售形成对比,中国一直稳步增加黄金储备,黄金被广泛视为对冲地缘政治和金融风险的工具。

In contrast to its broader sell-off of US debt, China has steadily added to its gold reserves, widely viewed as a hedge against geopolitical and financial risks.

官方数据显示,中国人民银行在9月份连续第23个月增加黄金储备,总量达到7747万金衡盎司(2400吨)。

Official data showed the People’s Bank of China increased its bullion holdings for the 23rd consecutive month in September, bringing the total to 77.47 million troy ounces (2,400 tonnes).