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Foreign holdings of U.S. Treasury debt rose in May

Published July 16, 2014 9:41 am

Securities • Chinese, Japanese increase holdings to $2.5 trillion, Russia reduces share.
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • 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.

 

 

 

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