Data released by the U.S. Treasury Department last week showed Chinese holdings of US Treasury bonds increased for second month in a row. China held $US1.263 trillion in US Treasuries, up from $US1.261 trillion in March. Its holdings peaked at $US1.317 trillion in November 2013. China has been the largest holder of US treasury’s for several years now, overtaking Japan which was the largest holder for a lengthy period of time. Eurozone countries have in recent months reduced holdings after reaching a peak in 2014. Japan had the second-largest holdings of US Treasury’s, with $US1.215 trillion in April, down from $US1.226 trillion in March.
Overall, foreigners bought long-term US securities for a third straight month in April.
22 June 2015