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Mark Emem

China, India and Brazil Shed $28.8 Billion in US Treasuries in October as JPMorgan Turns Net Bearish on Dollar for 2026

According to data from the Treasury International Capital System for October, Brazil, China and India jointly reduced their US Treasury holdings by $28.8 billion, with India cutting $12 billion, China $11.8 billion and Brazil $5 billion. Between October 2024 and October 2025, the three BRICS members offloaded a combined $183.2 billion in US debt, while J.P.Morgan's forex team projects a net bearish outlook for the US dollar in 2026.
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