India's US Treasury holdings just hit a five-year low—a signal that major economies are actively repositioning their reserve assets. The move reflects two key strategies: supporting domestic currency stability and reducing concentrated exposure to a single asset class.

This isn't isolated. Several major economies are quietly shifting their reserve composition, moving away from heavy reliance on US bonds. It's part of a broader reshuffling in global finance, driven by currency pressures, inflation dynamics, and the search for yield alternatives.

For investors tracking macro trends, this reveals something important: central banks are no longer passive holders. They're actively diversifying—exploring different asset classes, geographies, and risk profiles. The days of passive Treasury accumulation appear to be changing.