Tags: China | Holdings | US | Treasury | Debt

China Boosts Holdings of US Treasury Debt

Wednesday, 16 Nov 2011 09:20 AM

China bought more U.S. Treasury debt in September and total foreign holdings rose for a second straight month.

The Treasury Department says total foreign holdings of Treasury debt increased 1.9 percent to $4.66 trillion. China, the largest foreign holder, bought 1 percent more to bring its total holdings to $1.15 trillion. China cut its purchases 3.1 percent in August.

The gains suggest foreign demand for U.S. debt remains strong, despite a prolonged debate this summer over increasing the nation's borrowing limit. Investors also don't appear to be concerned that Standard & Poor's downgraded the credit rating on long-term U.S. debt.

S&P said it lowered the U.S. credit rating because of politics that slowed the debt limit increase and not because it thought the U.S. couldn't pay its bills.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
StreetTalk
China bought more U.S. Treasury debt in September and total foreign holdings rose for a second straight month. The Treasury Department says total foreign holdings of Treasury debt increased 1.9 percent to $4.66 trillion. China, the largest foreign holder, bought 1 percent...
China,Holdings,US,Treasury,Debt
128
2011-20-16
 

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