Foreign Holdings of U.S. Treasurys Hits Record High
- Last Updated on 01 April 2012
Foreign demand for U.S. Treasury debt rose in November to the highest level ever, even as China trimmed its purchases for a second straight month.
Total foreign holdings increased 1.7 percent in November to $4.75 trillion, the Treasury Department reported Wednesday.
Japan, the second-largest buyer of Treasury debt, increased its holdings 6 percent to $1.04 trillion.
China, the largest foreign holder, trimmed its holdings 0.1 percent to $1.13 trillion.
The increase in total foreign holdings pushed them to a record level, indicating that foreign demand for U.S. government debt remains strong.
Demand is rising even after a prolonged debate last summer over increasing the nation's borrowing limit. The partisan tenor of the debate led Standard & Poor's to lower its credit rating on long-term Treasury debt. ... continued...
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