This article from the EIR earlier in the year foreshadowed current rumours of bond sales by China
Reuters Markets via Yahoo. 26th November"All the Asian countries hold dollars for security reasons, but at some point, this has to end," Zhu Min, general manager and advisor to the President for the Bank of China, China's largest and oldest foreign-exchange bank, told the Davos World Economic Forum Jan. 23. China Daily quoted him: "There is a love affair. But everybody knows that this love affair has to end. The United States is benefiting from China using its trade surplus to buy U.S. Treasury paper as a reserve currency, along with other Asian nations. But in the long run, this is not sustainable
A report China may be trimming dollar-denominated holdings put more pressure on the already weak U.S. Currency, sending it to a new record low against the euro, before recouping somewhat. "In the state that the market is in right now, where there is a lot of speculation about reserve shifts, the comments from China were taken quite seriously," said Bob Lynch of BNP Paribas in New York. After Japan, China is the second biggest holder of U.S. Treasuries, with some $174 billion in September, according to Treasury Department data. The report in China Business News was later retracted by the Chinese central banker quoted by the newspaper, but the damage had already been done.