China cuts its holding of U.S. treasuries to $1.2 trillionStaff writer ▼ | May 17, 2016
China, the top buyer of U.S. Treasury securities, cut its holding in March, the latest data from the U.S. Treasury Department showed.
Finance The latest data from the U.S. Treasury Department:
China reduced its holding of the treasuries by $7.7 billion to $1.2446 trillion in March, following an increase of $14.4 billion in February.
Japan, the second largest foreign holder of U.S. treasuries, increased its holding by 4 billion dollars to $1.1371 trillion in March.
In March, overall foreign holdings of U.S. Treasury securities rose to $6.287 trillion from February's $6.2362 trillion. ■