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May 16, 2014

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Foreign holdings of US debt hit record

FOREIGN buyers of US Treasury securities increased their holdings in March to a record high.

The Treasury Department yesterday said total foreign holdings rose 1 percent to US$5.95 trillion from US$5.89 trillion in February.

China, the largest foreign buyer of Treasury debt, cut its holdings by less than 0.01 percent to US$1.27 trillion. Japan, the second-largest buyer, cut its holdings 0.8 percent to US$1.2 trillion.

Belgium, Luxembourg and Caribbean countries involved in banking all raised their holdings. Russia shed almost 21 percent of its holdings in March following international tensions over its move to annex part of Ukraine.

Foreign demand for US Treasury securities is expected to remain strong this year.




 

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