Is Beijing Bailing on Treasuries?

While China was a net seller of U.S. government debt in April, it's not likely to make any big moves out of U.S. dollar assets anytime soon

Chinese investors sold a net $5.8 billion in U.S. Treasury securities in April, leaving them net sellers of U.S. government debt for the first time since October, 2005. The data were somewhat ominous amid the recent sharp sell-off in Treasuries that has pushed the 10-year yield above 5.10% for the first time in a year, briefly hitting a 5-year peak.

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