The movement has resulted in unusual spikes in holdings in third-party jurisdictions, according to those cited by Bloomberg. Strategists describe the maneuver as an effort to challenge the dollar-based system that has governed global trade since the end of World War II without actually dumping the securities.
Tuesday, October 20, 2026
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China Transfers US Treasury Bonds to Foreign Banks to Mask Holdings
Global Markets5 days ago
Wall Street strategists are tracking a shift in US government debt holdings toward Canada and other nations to bypass federal disclosure requirements. Chinese officials are relocating securities to non-US custodian banks, which ensures the assets are not registered to China in US Treasury data, according to investors and analysts. This tactic allows Beijing to create the appearance of reducing its dollar reserves and restricting the flow of funds back to the US.
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