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China Will Keep Trimming Treasurys: Jim Rogers

February 18, 2010

China’s move to reduce its holding of US debt is likely to continue in the long term while the “euro scare” may last a while, legendary investor Jim Rogers told Wednesday.

On Tuesday, government figures showed that foreign demand for Treasurys fell by the largest amount on record in December.

China cut its holdings by $34.2 billion to $755.4 billion, losing the top spot in terms of foreign ownership of Treasurys to Japan.

Japan also cut exposure, cutting ownership of Treasurys by $11.5 billion to $768.8 billion, a much slower pace than China.

The story continues …..

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