Tags: Foreign | Holdings | US | Debt

Foreign Holdings of US Debt Hit Record $5.43 Trillion as China's Holdings Rise Slightly

Tuesday, 16 Oct 2012 11:48 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Foreign demand for U.S. Treasury securities rose to a record level in August, further evidence that most nations see U.S. debt as a safe investment.

The Treasury Department says total foreign holdings rose to a record $5.43 trillion in August. That's up 1.5 percent from the July level.

China, the largest foreign holder of U.S. debt, increased its holdings 0.4 percent to $1.15 trillion. And Japan increased its holdings 0.5 percent to $1.12 billion. Japan now trails China's holdings by just $32.1 billion.

Demand for U.S. debt has remained high even though the United States has run budget deficits in excess of $1 trillion for the past four years. Many foreign investors see U.S. debt as a safe investment with Europe in crisis and global growth slowing.

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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved