FILE - In this June 6, 2014 file photo, a man holding an umbrella walks past an electronic stock indicator of a securities firm, in Tokyo. The Treasury Department releases foreign holdings data for April on Monday, June 16, 2014. (AP Photo/Eugene Hoshiko, File) (AP)

Foreign holdings of US Treasury debt increase


Martin Crutsinger
June 16, 2014 5:15PM (UTC)

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.

Advertisement:

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.


Martin Crutsinger

MORE FROM Martin Crutsinger

Related Topics ------------------------------------------

From The Wires

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••





Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •