Impact of China selling US Treasuries

A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum. The data showed China sold US Treasuries in December for the fifth straight month, analysts said; underscoring the risk that waning appetite for U.S. debt among major foreign holders could spark a selloff and send yields rising in future. The New York Fed’s “Empire State” general business conditions index rose to 24.91 in February, the highest level since October and up from 15.92 in January. Also, the inventories index rose sharply, to zero from negative 17.33, its highest reading in more than a year.More Here...