"If China was to reduce their involvement in buying USA government debt, it would have a significant impact on interest rates, which is why I think we're seeing our banks lead the market lower today", said Christopher Conway, head of research and trading at Australian Stock Report.
Some investors said that the market could take the China news in its stride considering the nation's net purchases of Treasuries have already slowed "significantly".
China's foreign exchange reserves - the world's largest - rose to US$3.14tn in December.
"We are far more inclined to see a move by SAFE, if confirmed, as a conventional investment decision", Eurasia Group said.
It is possible that comments from the unnamed sources cited by Bloomberg and other outlets are connected to an ongoing trade dispute between the USA and China.
"Gold traders confirm that it was because the Government announced in advance that it was planning to sell such a large quantity of gold that the markets became depressed", The Telegraph reported then-shadow secretary to the Treasury Philip Hammond as saying in 2009. "I don't think that's worked out so poorly for the U.S".
The officials recommended that the nation closely watch factors such as the outlook for supply of USA government debt, along with political developments including trade disputes between the world's two biggest economies when deciding whether to cut some Treasury holdings, the people said.
He added that a "politically induced" sell-off of Treasuries would threaten global economic growth, which would be bad news for China and its big export industry.
But in practice, the People's Bank of China has fewer choices over the size of its foreign exchange purchases than is assumed by many, says research company Capital Economics.
Stock Rally Tested by Rise in Yields; Yen Climbs: Markets Wrap
The Canadian dollar held steady at C$1.2553 per USA dollar.
Later that month, Hu Xiaolian, director of China's SAFE, said Treasuries form "an important element of China's investment strategy for its foreign-currency reserves". The session high for the global benchmark was US$69.37, highest since May 2015.
BMO suggests buying 10-year Treasuries if yields climb to 2.6%.
Some market experts speculate that China might want to send a message to President Trump over trade.
Coming into this year, strategists at Wells Fargo and some other banks were expecting China's Treasuries buying to ebb as they predicted stability in the yuan after a 2017 rally.
Brent has gained 5 percent since the beginning of the year, picking up from its late-year surge.
US Treasuries later pared some of their losses and the 10-year yield stood at 2.555 per cent in early Asian trade.
United States dollars under pressure Vs JPY after the Bank of Japan (BOJ) moved to trim its long-dated government bond purchases this week, was on track to post its biggest 1-day drop Vs JPY in 7 weeks.
Valero Energy's (NYSE:VLO) Buy Rating Reiterated at Scotiabank
ValuEngine raised shares of Valero Energy from a "hold" rating to a "buy" rating in a research note on Sunday, December 31st. It dived, as 46 investors sold VLO shares while 310 reduced holdings. 121 funds opened positions while 584 raised stakes.
LeBron James: We're So Fragile
Irving's replacement, Isaiah Thomas didn't help James' fury as the recovering point guard (hip) knocked down just 2 of 15 shots. The Cleveland Cavaliers traveled to IN after two-consecutive annihilations by the Minnesota Timberwolves and Toronto Raptors .
Some restricted areas remain closed in the Montecito area where rescue and cleanup efforts are ongoing. He said some 12,000 daily commuters drive into Santa Barbara from the south, a route now blocked.
The US also declared sanctions against 14 entities and people, including Iran's head of judiciary Ayatollah Sadeq Larijani. Trump has already declared that he thinks the Iran nuclear deal is no longer in the United States' national interest.
Members of state police who will operate this technology will be FAA certified and will have 32 hours of hands-on training. State police in Onondaga County will be among the first in NY to utilize drones to support law enforcement missions, Gov.
I say "nearly" though because light breezes and partly cloudy skies should prevent temperatures from really dive-bombing. In the previous storm, bitter cold Arctic air was in place and there was no doubt that frozen precipitation would fall.
In a 107-101 overtime win over the Dallas Mavericks , Nance finished the game with 2 points and 7 rebounds in 19 minutes. The Purple and Gold enforced a high level of defense with 15 steals, five coming from guard Kentavious Caldwell-Pope.
Gaine is a Bill Parcells protégé who worked with the Hall of Fame coach/general manager with the Jets, Cowboys and Dolphins. The Texans are negotiating a contract to hire Brian Gaine as their new General Manager, Ian Rapoport of NFL Media reports .
Tottenham boss Mauricio Pochettino singled out Kane for praise and backed the 24-year-old to keep building on his achievements. Striker Cenk Tosun made his Everton debut in the Toffees' Premier League encounter at Tottenham at Wembley Stadium.
The Hezbollah-linked Al-Mayadeen news reported that an Israeli plane was flying over the city at the time of the explosion. A senior Hamas official was the target of a auto bombing in Lebanon on Sunday, which left him severally wounded.
An airplane has skidded off the runway after landing in the Turkish province of Trabzon, causing panic among the passengers. Flights resumed at the Trabzon International Airport on Sunday, after being temporarily suspended following the incident.
Cold Weather Continues, Slick Roads Still a Concern
The CCEMA is urging residents to protect themselves against the cold with warm layers, hats and gloves. Sunday , there is a 70 percent chance of snow, mainly before 9 a.m., according to the weather service.
Alastair Campbell: I Hate The Term Second Referendum
Labour leader Jeremy Corbyn has stopped short of ruling out a second European Union referendum when the Brexit terms are known. Deputy Tory party chairman James Cleverly said the comments showed that Labour was trying to frustrate Brexit.
Europe retain EurAsia Cup
Paul Casey lost by one hole to Poom Saksansin but Henrik Stenson vanquished Hideto Tanihara. Tyrrell Hatton also won his match, and Matthew Fitzpatrick took a half point.
Trump denies using racist slur on African countries
The White House also faced a barrage of questions last month after he slurred some words during a speech on national TV. Former Haitian Prime Minister Laurent Lamothe tweeted , "SHAME ON TRUMP!" Our president is a racist.