Foreign holdings of US Treasury increaseMarch 18, 2014 @ 9:40 am
See all photos
WASHINGTON (AP) -- Foreign buyers of U.S. Treasury securities increased their holdings in January to another record high.
The Treasury Department says total foreign holdings rose to $5.83 trillion, up 0.5 percent from December when holdings had risen 1.5 percent to $5.80 trillion, the previous record.
China, the largest foreign buyer of Treasury debt, increased its holdings by 0.3 percent to $1.27 trillion after they had fallen 3.5 percent in December. Japan, the second-largest buyer, increased its holdings 1.6 percent to $1.2 trillion.
The government initially released a report that showed total holdings declining in January, but a few hours later released a corrected version with changes to the overall and individual country figures.
Foreign demand for U.S. Treasury securities is expected to remain strong this year.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Despite legalization, 'business is good' for Seattle's illegal pot dealers
Chiara D'Angelo spent her day mourning the loss of over 800 trees on Bainbridge Island
Some of the most beautiful animals in the world are disappearing from Washington
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.