Japan Extends Lead On China as Top Foreign Holder of Treasuries By Bloomberg

(Bloomberg) — Japan remained the biggest foreign owner of U.S. Treasuries in August as China’s holdings continued to drop.

Japan’s holdings of U.S. notes, bills and bonds increased by about $44 billion to $1.17 trillion, the Treasury Department said in a monthly data release Wednesday.

Japan overtook China as the largest non-U.S. holder of Treasuries in June — the first time it’s held that position since May 2017. China’s holdings decreased by about $6.8 billion to $1.1 trillion.

Overall foreign holdings of Treasuries increased to about $6.9 trillion compared with $6.63 trillion in July.

Both China and Japan — the world’s second- and third-largest economies behind the U.S. — have been negotiating trade deals with the Trump administration.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *