China cuts U.S. treasuries holding in AugustStaff Writer | October 19, 2016
China, the top buyer of U.S. Treasury securities, cut its holding in August for three months running, the latest data from the U.S. Treasury Department showed.
Investment China shed its treasuries holding
Japan, the second largest foreign holder of U.S. treasuries, also cut its holding by $10.6 billion dollars to $1.144 trillion dollars in August.
By the end of August, overall foreign holdings of U.S. Treasury securities dropped to $6.1964 trillion from July's 6.2479 trillion dollars. ■