Tuesday, November 25th0.2°C
22246
24165

Foreign holdings of US Treasury debt rise to record high, topping $6 trillion

WASHINGTON - Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time.

Total foreign holdings rose 0.6 per cent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report.

The increase came despite the fact that the two biggest foreign owners of Treasury securities reduced their holdings slightly.

China, the top foreign buyer of U.S. Treasury debt, trimmed its holdings by 0.2 per cent to $1.27 trillion after a 0.6 per cent increase in May. Japan, the second-biggest foreign buyer, saw its holdings slip a slight $600 million to $1.22 trillion.

Belgium, Brazil and Taiwan were among the countries increasing their holdings.

Foreign central banks are big holders of U.S. Treasuries, which are viewed as one of the world's safest investments. In June, foreign government holdings of Treasury debt totalled $4.1 trillion, two-thirds of the total foreign holdings.

Foreign demand for Treasury debt is expected to remain strong this year, helped by a congressional agreement to avoid a new fight over the U.S. debt ceiling until March 2015.

A standoff in August 2011 rattled financial markets and the political gridlock led the credit rating firm Standard & Poor's to downgrade its AAA rating of U.S. debt for the first time in history.

The Canadian Press


Read more Business News

22899


Recent Trending




Today's Market
S&P TSX15073.65+58.24
S&P CDNX780.64-6.86
DJIA17814.94-2.96
Nasdaq4758.252+3.36
S&P 5002067.03-2.38
CDN Dollar0.8875-0.0009
Gold1197.80+0.7001
Oil74.14+0.05
Lumber328.80-0.70
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.04
Cantex0.040.00
Anavex Life Sciences0.175-0.005
Metalex Ventures0.030.00
Russel Metals32.14+0.65
Copper Mountain Mining2.15-0.02
Colorado Resources0.130.00
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.325-0.04

 
23744


24073

FEATURED Property
21204821113 Paret Crescent
4 bedrooms 4 baths
$554,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24207

24119


Member of BC Press Council


24018