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Foreign holdings of US Treasury increase

Foreign holdings of US Treasury increase

March 19th, 2014 in News

WASHINGTON (AP) - Foreign buyers of U.S. Treasury securities increased their holdings in January to another record high.

The Treasury Department says total foreign holdings rose to $5.83 trillion, up 0.5 percent from December when holdings had risen 1.5 percent to $5.80 trillion, the previous record.

China, the largest foreign buyer of Treasury debt, increased its holdings by 0.3 percent to $1.27 trillion after they had fallen 3.5 percent in December. Japan, the second-largest buyer, increased its holdings 1.6 percent to $1.2 trillion.

The government initially released a report that showed total holdings declining in January, but a few hours later released a corrected version with changes to the overall and individual country figures.

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