June 15, 2012
Foreign holdings of US debt hit record high; China ups holdings after 2 declines
By Martin Crutsinger, AP Economics Writer | Associated Press
WASHINGTON (AP) -- Foreign demand for U.S. Treasury securities rose to a record high in April. China, the largest buyer of Treasury debt, increased its holdings slightly after trimming them for two straight months.
The Treasury Department says total foreign holdings rose 0.4 percent to $5.16 trillion. It was the fourth consecutive monthly increase.
Demand for U.S. debt is rising largely because investors are worried about Europe's worsening debt crisis. U.S. government debt is considered one of the safest investments.
China boosted its holdings 0.1 percent to $1.15 trillion in April. That followed a 1 percent drop in March and a 0.9 percent decline in February. March's figures were revised down from the government's initial estimate a month ago that China had boosted its holdings in March.
More: http://finance.yahoo.com/news/foreign-holdings-us-debt-hit-130123964.html
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