Deutsche Bank: More Chinese clients withdraw from US assets
Lillian Tao, head of China macro and global emerging markets sales, said in an interview with Bloomberg that we have observed a decrease in the dollar component of Chinese investors' portfolios, while their interest in other markets has warmed up, especially Europe. European high-quality bonds, Japanese government bonds and gold may be potential alternatives to US Treasuries for investors.Some Chinese clients believe that the current market level of US Treasury yields is very attractive after the sell-off. However, as US policy becomes more unpredictable, they are also extremely cautious and unsure whether this is a good entry point or a falling knife.The copyright of this article belongs to the original author/organization.
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