close
This ad will auto close in 10 seconds

Foreign holdings of US Treasury hits record high

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.



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

From Zee News

0 Comment - Join the Discussions