The main impact of the massive sell-off is the sharp depreciation of the dollar, which will hit many aspects of the American economy and society, such as the confidence of countries to buy, and the reduction of other funds entering the United States after countries reduce their purchases, leading to a rapid decline in the driving force of American economic development.
In the process of selling, the US foreign exchange held by China also depreciated, and the loss of wealth in the middle and late period was also quite amazing for China. In addition, the United States will inevitably take relevant measures to counter it. Economically, it will strike a trade war in China's related economic fields, and politically, it will intimidate China on the Taiwan Strait issue. At the same time, after the economic chaos in the United States, a large number of China workers lost their jobs, enterprises closed down and investment flowed out, which had a great impact on China.
：
Distribution mode
US Treasury bonds are issued by regular auction. Three-month and six-month treasury bills are auctioned every Monday, the third week of each month throughout the year, and the treasury bills are delivered on Thursday; 1 month, February, April, May, August,1month,1/month, the Ministry of Finance announces the auction amount in the middle of the month, pricing one week later, and delivery at the end of the month is about 3 1; Auction in the second month of each quarter (February, May, August and October) for five or ten years; Auction once a year in February and August, unchanged for 30 years. Generally, the auction amount of five-year, ten-year and thirty-year treasury bonds is announced by the Ministry of Finance at the beginning of the month, and the price is fixed one week later, which means that the mid-month delivery is 15.
Category of national debt
The public and the government hold US Treasury bonds.
Can be divided into two categories:
Bonds held by the public (including foreign investors)
Marketable bond
Non-circulating bond
Bonds held in US government accounts
Foreign ownership
About 25% of US Treasury bonds are held by foreign governments, almost double the ratio of 1988 (13%). According to the statistics of US Treasury Department, at the end of 2006, 44% of "publicly held" national debt was held by foreign investors, of which 66% were the central banks of other countries, especially the Bank of Japan and the People's Bank of China.
40% of foreign holdings of US Treasury bonds come from Japan and China, and Japan is the largest holder of US Treasury bonds.
Us treasury bonds refer to the national bonds issued by the us treasury on behalf of the federal government. According to the different issuance methods, US Treasury bonds can be divided into three types: voucher-type treasury bonds, physical voucher-type treasury bonds (also known as bearer from bond or Treasury bonds) and book-entry treasury bonds.
According to the maturity of bonds, US Treasury bonds can be roughly divided into three categories: short-term treasury bonds (T-Bills), medium-term treasury bonds (T-Notes) and long-term treasury bonds (T-bonds). In addition to local investors, countries around the world can also buy US Treasury bonds. In previous years, the average issuance of US Treasury bonds was $500 billion to $600 billion per year.
In April of 20 18, China and Japan reduced their holdings by $5.8 billion and1230 million, respectively, and * * * 19 countries sold US Treasury bonds in April.
According to the data released by the US Treasury Department on June 15, in June/20 19, Japan increased its holdings of US Treasury bonds by 21900 million US dollars, while China increased its holdings of US Treasury bonds by 2.3 billion US dollars, and Japan surpassed China to become the largest creditor country in the United States.