WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in April to another record high even though China cut back on its holdings for a third straight month.
The Treasury Department says total foreign holdings rose 0.2 percent to a record $5.96 trillion, up from $5.95 trillion in March. It marked the ninth consecutive monthly increase.
China, the largest foreign buyer of U.S. Treasury debt, reduced its holdings for a third month, cutting them by 0.7 percent to $1.26 trillion. Japan, the second largest buyer, boosted its holdings 0.8 percent to $1.21 trillion.
Foreign demand for U.S. Treasury debt is expected to remain strong this year, helped by more borrowing certainty given the congressional agreement to suspend the debt limit until March 2015.
Shares