Market Insights

China’s Strategic Pivot: What the New "Window Guidance" on US Treasuries Means for 2026 Markets

Does China still hold US debt? Yes, but as of early 2026, holdings have dropped to $682.6 billion, the lowest since 2008. New regulatory "window guidance" from the PBOC and NFRA signals a deliberate move to trim US Treasury exposure in favor of gold and multi-currency