DALIO WARNS CHINA AND JAPAN COULD PULL BACK FROM TREASURIES Ray Dalio warns U.S. Treasuries are vulnerable to weakening demand from China and Japan, two of America’s largest foreign creditors. China’s holdings have fallen from $1.3 trillion in 2013 to about $618 billion, while Japan holds roughly $1.1 trillion. Dalio says reduced foreign demand could intensify pressure on U.S. borrowing as 10-year yields hover near 5.3%. 06-OCT-2026 06:12 AM ET