Foreign Holdings of US Debt Top $6 Trillion While China Cuts Back

Friday, 15 Aug 2014 10:43 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time.

Total foreign holdings rose 0.6 percent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report.

The increase came despite the fact that the two biggest foreign owners of Treasury securities reduced their holdings slightly.

China, the top foreign buyer of U.S. Treasury debt, trimmed its holdings by 0.2 percent to $1.27 trillion after a 0.6 percent increase in May. Japan, the second-biggest foreign buyer, saw its holdings slip a slight $600 million to $1.22 trillion.

Belgium, Brazil and Taiwan were among the countries increasing their holdings.

Foreign central banks are big holders of U.S. Treasurys, which are viewed as one of the world's safest investments. In June, foreign government holdings of Treasury debt totaled $4.1 trillion, two-thirds of the total foreign holdings.

Foreign demand for Treasury debt is expected to remain strong this year, helped by a congressional agreement to avoid a new fight over the U.S. debt ceiling until March 2015.

A standoff in August 2011 rattled financial markets and the political gridlock led the credit rating firm Standard & Poor's to downgrade its AAA rating of U.S. debt for the first time in history.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

AP-GfK Poll: 57% Think Economy Is in 'Poor' Condition

Sunday, 28 Dec 2014 01:08 AM

 . . .

Japan Approves $29 Billion Spending Package to Boost Economy

Saturday, 27 Dec 2014 10:57 AM

Japan's government approved a 3.5 trillion yen ($29 billion) fiscal stimulus package to boost the economy after April's  . . .

Wall Street Ends at Record High in Second Straight Weekly Gain

Friday, 26 Dec 2014 16:42 PM

U.S. stocks ended higher on Friday, with both the Dow and S P 500 closing at records in a broad rally, though trading wa . . .

Most Commented
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved