BRICS Nations China, India and Brazil Dump $28,800,000,000 in US Treasuries As JPMorgan Chase Forecast ‘Net Bearish’ on US Dollar
The latest data from the Treasury International Capital System reveals that three members of the BRICS economic bloc – Brazil, China, and India – have collectively divested themselves of US treasuries worth $28.8 billion in October. This move signals a significant shift in their investment strategies and reflects a growing trend of reducing exposure to US debt.
Among the three countries, India led the pack by cutting its holdings of US treasuries by $12 billion, followed closely by China, which reduced its US debt by $11.8 billion. Brazil also scaled down its US treasury holdings by $5 billion in October. Over the period between October 2024 and October 2025, China has offloaded $71.4 billion worth of US treasuries, while Brazil and India have dumped $61.1 billion and $50.7 billion, respectively.
The decision to divest from US debt comes at a time when J.P.Morgan, a unit of JPMorgan Chase, has predicted a bearish outlook for the US dollar in 2026. Meera Chandan, J.P.Morgan’s global forex strategy co-head, stated that the Fed’s concerns about the labor market and a supportive risk environment for high-yield FX currencies are likely to contribute to a lower dollar value in the coming year.
As the BRICS countries realign their investment portfolios and adjust to changing market conditions, it will be interesting to see how this shift impacts global financial markets. Follow us on X, Facebook, and Telegram for more updates on this evolving situation. Don’t miss out on important market alerts by subscribing to our email alerts. Stay informed about price action and explore The Daily Hodl Mix for a comprehensive view of the latest developments in the financial world.
With a focus on diversification and strategic investment decisions, these countries are paving the way for a new era in international finance. The generated image from Midjourney serves as a reminder of the dynamic nature of global markets and the need for adaptability in the face of changing economic landscapes.
