China dumps most U.S. securities in 4 years, perhaps to defend a weakening yuan

Joseph Adinolfi is a markets reporter at MarketWatch.

An earlier version of this story said China sold nearly $15 trillion in long-dated Treasurys. They sold nearly $15 billion.

China sold nearly $15 billion in long-dated Treasurys in August, along with more than $5 billion in U.S. stocks. All told, Chinese institutions and funds sold $21.1 billion in U.S. assets, including $1.3 billion mortgage bonds, which they have recently favored over Treasurys, the data showed.

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