Foreign holdings of US Treasury hits record high

Last Updated: Wednesday, January 18, 2012 - 21:03

Washington: Foreign demand for US Treasury debt rose in November to the highest level ever, even as China trimmed its purchases for a second straight month.

The Treasury Department says total foreign holdings increased 1.7 percent in November to USD 4.75 trillion.  Japan, the second-largest buyer of Treasury debt, increased its holdings 6 percent to USD 1.04 trillion.

China, the largest foreign holder, trimmed its holdings 0.1 percent to USD 1.13 trillion.

The increase in total foreign holdings pushed them to a record level, indicating that foreign demand for US government debt remains strong. That strength comes despite a prolonged debate this summer over increasing the nation's borrowing limit.

PTI

First Published: Wednesday, January 18, 2012 - 21:03
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