Look to China for reasons behind strong demand for Treasuries

http://www.ft.com/intl/cms/s/0/f3a601f4-e5b3-11e3-aeef-00144feabdc0.html#axzz33Ff0LK3s

2014.05.27

Since peaking at $1.3tn last Nov, official Treasury data show China has allowed its holdings of US paper to fall to $1.27tn. The decline, however, has occurred even as China's currency has weakened and its foreign exchanges reserves have expanded.
...
A year ago, China's reported holdings of Treasury debt equated to 37per cent of its forex reserves. As of March this year, that relationship had declined to 32 per cent, but it would rise back to 38per cent if Belgium's growth in Treasury holdings were included




Coincidence?
interesting