Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Foreign holdings of US Treasury debt rose to record

5 years 1 month 3 weeks ago Tuesday, February 16 2016 Feb 16, 2016 February 16, 2016 3:43 PM February 16, 2016 in News
Source: Associated Press

WASHINGTON - Foreign holdings of U.S. Treasury securities rose in December to a record high despite cutbacks by China and Japan, the two biggest foreign owners of Treasury debt.

The Treasury Department says foreign ownership of Treasury securities increased 0.7 percent in December to a fresh record of $6.17 trillion, up from $6.13 trillion in November.

China, the biggest foreign holder of Treasury debt, reduced its holdings 1.5 percent to $1.25 trillion. Japan, No. 2 foreign holder of U.S. government debt, trimmed its holdings by 2 percent to $1.12 trillion.

These cutbacks were offset by increases by Caribbean banking centers such as the Bahamas and the Cayman Islands, which boosted their holdings by 4.5 percent to $351.6 billion. Ireland and Switzerland also expanded their holdings.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
7 Days