Foreign holdings of US Treasury securities climb

Staff Writer
Columbus CEO

WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities boosted their holdings in August to a record high. China, the largest foreign owner of Treasury debt, increased its holdings after two months of reductions.

The Treasury Department says in its monthly report that foreign holdings increased 1.1 percent to an all-time high of $6.07 trillion, after having fallen by 0.3 percent in July.

China, the top foreign buyer of U.S. Treasury debt, increased its holdings by 0.4 percent to $1.27 trillion. Japan, the No. 2 buyer, boosted its holdings by 0.9 percent to $1.23 trillion.

Foreign demand for Treasury debt is expected to remain strong this year, driven in part by geopolitical tensions that make U.S. Treasury bonds attractive as a safe haven.