China still largest holder of US Treasury securities.

中国仍然是美国国债的最大持有国。

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The greater the uncertainty attached to all other cash flows, the greater the demand for US Treasury securities.

世界其他现金流的不确定性越大，对美国财政证券的需求就越大。

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As Asian central Banks curtail their purchases of US Treasury securities and sell some of their existing holdings, there will be upward pressure on US Treasury yields.

随着亚洲各央行减少购买美国国债，并抛售一些它们目前持有的美国国债，美国国债收益率将面临上升压力。

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And it would mean China could continue to buy US Treasury securities at a cheaper price to make up for the declining value of the dollar, which hit a new low for the past several decades today.

FORBES: We Are At A Tipping Point For the Dollar And The Chinese Yuan

Once a municipal bond is refinanced, (prerefunded) the issuer uses the proceeds of the new issue and purchases US Treasury securities (collateral) that are used to pay the interest and principal on the original, more expensive debt until maturity or the call date, whichever the escrow agreement states.

FORBES: Pre-Refunded Munis Are A Bargain

As I understand it, our national public debt was borrowed, in US dollars, from India and China in the sale of Treasury securities purchased with the US dollars that came from the sales of consumer goods in trade imbalance that has lasted for better than a decade.

FORBES: Joe Stiglitz's Story on Why We Won't Bring Manufacturing Back