IPFS News Link • Federal Reserve

China Will Keep Trimming Treasurys: Jim Rogers

02-18-2010 • CNBC.com

"I am surprised China has not dropped more," Rogers told CNBC.com. Asked if the US should be worried about this trend, Rogers, who does not hold US Treasurys, said: "Of course. The US should be worried about everyone lightening up – not just China." RELATED LINKS China Cuts US Debt HoldingsGoldman, Greece Debt Swaps 'Destabilizing': ExpertBiggest Holders of US Debt The cut in foreign holdings could force the government to make higher interest-rate payments, just as it is struggling with big budget deficits. Asked if the trend of unloading US government debt was likely to continue, Rogers said: "Probably after this euro scare is over – which may take a good while." Uncertainty about the size and extent of the euro zone's debt problems weighed on the euro Wednesday, despite a firming of the single currency on Tuesday on optimism that Greece will find ways to cut its deficit.