the republic logo

Foreign holdings of US Treasury securities dip in July to $6 trillion after hitting record

bug
Share/Save/Bookmark

WASHINGTON — Foreign buyers of U.S. Treasury securities trimmed their holdings in July after hitting a record level in June. The two biggest purchasers, China and Japan, both cut back.

The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3 percent in July to $6.0 trillion, down from a record $6.01 trillion in June.

China, the top foreign buyer of U.S. Treasury debt, reduced its holdings by 0.3 percent to $1.26 trillion. Japan, the No. 2 buyer, trimmed its holdings by 0.04 percent to $1.22 trillion.

Foreign central banks are big holders of U.S. Treasuries, which are viewed as one of the world's safest investments. In July, government holdings increased 0.09 percent to $4.11 trillion.

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

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.