China "intends" to stop buying US bonds

- Chinese officials reviewing their country's foreign exchange holdings have recommended slowing or stopping US Treasury purchases, the Bloomberg news agency reported Wednesday, quoting informed sources.

According to the report, the US government bond market is less attractive than other assets.

It also cited trade tensions with the United States as a justification for slowing bond purchases.

Traders also cited the report as a reason for US Treasury yields to rise again during European trade, with yields on 10-year US bonds rising to 2.593 percent, hitting a 10-month high.

The dollar fell 0.6 percent against a basket of currencies, the biggest daily drop in a month.