BRICS Nations Accelerate US Treasuries Selloff Amid De-Dollarization Trends
BRICS countries divested $28.8 billion in US debt during October, with India leading the selloff at $12 billion, followed by China ($11.8 billion) and Brazil ($5 billion). The coordinated reduction reflects a broader de-dollarization strategy, coinciding with JPMorgan's bearish 2026 outlook for the greenback.
Cumulative divestment over the past year reveals staggering figures: China shed $71.4 billion, Brazil $61.1 billion, and India $50.7 billion in US Treasury holdings. ING analysts warn this exodus threatens the structural integrity of the US debt market, as BRICS nations collectively rebalance reserves away from dollar-denominated assets.