Monday, May 16, 2011

China Cuts Holdings of US Treasury Securities, Again

China, the largest foreign holder of Treasury securities,  trimmed its holdings for a fifth straight month, the Treasury reports.

The Treasury Department said tiday that China cut its holdings by $9.2 billion to $1.14 trillion.

Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion.

Total foreign holdings increased by $4.9 billion to $4.48 trillion.

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