Like many on Wall Street, DoubleLine’s Vitaliy Liberman has made a habit out of keeping tabs on foreign ownership of US debt securities, looking for signs of any broad-based pullback in retaliation for Donald Trump’s zero-sum trade policies. Month after month, he noticed something peculiar.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-14/china-s-backdoor-bond-buying-talk-swirls-on-600-billion-buildup)