Tags: Foreign Holdings | Bonds | Treasurys | Debt

Foreign Holdings of US Treasury Debt Rise in May

Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high.

The Treasury Department reported Wednesday that total foreign holdings rose 0.3 percent to $5.98 trillion, up from $5.96 trillion in April.

China, the top foreign buyer of U.S. Treasury debt, increased its holdings for the first time since January, raising them by 0.6 percent to $1.27 trillion. Japan, the second-biggest foreign buyer, increased its holdings by 0.9 percent to $1.22 trillion.

Russia reduced its Treasury holdings by 4.3 percent to $111.4 billion and well below the recent high of $149.9 billion last October.

Foreign demand for Treasury debt is expected to stay strong this year, helped by a congressional agreement to avoid a 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.

The monthly Treasury report showed that holdings by Belgium, the No. 3 investor in U.S. Treasurys, fell 1.1 percent to $362.4 billion. Holdings by the Caribbean banking centers, including the Bahamas, Bermuda and the Cayman Islands, rose 0.8 percent to $310.8 billion.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Economy
Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high.
Foreign Holdings, Bonds, Treasurys, Debt
203
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved