US Treasury debt
Source: Agencies |
June 16, 2012, Saturday
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Print Edition
Print Edition
FOREIGN demand for United States Treasury securities rose to a record high in April. China, the largest buyer of Treasury debt, increased its holdings slightly after trimming them for two straight months.
The US Treasury Department yesterday said total foreign holdings rose 0.4 percent to US$5.16 trillion. It was the fourth consecutive monthly increase. Demand for US debt is rising largely because investors are worried about Europe's worsening debt crisis. US government debt is considered one of the safest investments.
China boosted its holdings 0.1 percent to US$1.15 trillion in April. That followed a 1 percent drop in March and a 0.9 percent fall in February. March's figures were revised down from the US government's initial estimate a month ago that China had boosted its holdings in March.
The US Treasury Department yesterday said total foreign holdings rose 0.4 percent to US$5.16 trillion. It was the fourth consecutive monthly increase. Demand for US debt is rising largely because investors are worried about Europe's worsening debt crisis. US government debt is considered one of the safest investments.
China boosted its holdings 0.1 percent to US$1.15 trillion in April. That followed a 1 percent drop in March and a 0.9 percent fall in February. March's figures were revised down from the US government's initial estimate a month ago that China had boosted its holdings in March.
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