Treasury International Capital net flows rebounded in July with France and Norway the biggest buyers of Treasury bonds (+$17.6bn and $11.1bn respectively) but more notably, China was the biggest seller (dumping $7.7bn to six-month lows).
TIC flows rebounded notably...
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Russia and Caymans (hedge funds) were practically unchanged in July.
And while Japan was a buyer...
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And Turkey bid for some (after being a big seller)...
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China dumped the most since January, taking its holdings to the lowest since January...
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Al of which makes us wonder... was China selling today also?
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The Treasury selling in July lines up well with the shift in China's Yuan 'weaponization' and the spike in yields then too...
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