Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

Foreign holdings of US Treasury debt hit record

WASHINGTON (AP) - Foreign buyers of U.S. Treasury securities increased their holdings to a record in December even though the two largest holders of U.S. government debt- China and Japan- reduced their shares.

The Treasury Department says total foreign holdings rose 1.4 percent in December to $5.79 trillion, surpassing the old record set in March of $5.73 trillion. Foreign holdings had fallen from April through July before rising again in August.

China, the largest foreign buyer of Treasury debt, reduced its holdings to $1.27 trillion in December. That marked a 3.6 percent drop from China's November level of $1.32 trillion, a record for that country.

Japan, the second-largest buyer, trimmed its holdings to $1.18 trillion in December. That was down 0.3 percent from November's total, a record for Japan.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
CenturyLink Give-A-Thon for PCH Give-A-Thon for PCH

Comments

comments powered by Disqus
Latest News