More debt buying
Source: Agencies |
October 17, 2012, Wednesday
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Print Edition
Print Edition
Foreign demand for US Treasury securities rose to a record level in August, further evidence that most nations see US debt as a safe investment. The US Treasury Department yesterday said total foreign holdings rose to a record US$5.43 trillion in August. That's up 1.5 percent from the July level. China, the largest foreign holder of US debt, increased its holdings 0.4 percent to US$1.15 trillion. And Japan increased its holdings 0.5 percent to US$1.12 billion.
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