Foreign holdings of US Treasuries rise in August; China holdings drop
TLT•Foreign holdings of US Treasuries rose to $9.331 trillion in August from $9.248 trillion in July, while China’s holdings fell to $590.7 billion, their lowest since August 2008.
1. Holdings increase
Foreign holdings of US Treasuries edged higher in August after declining for two months, Treasury Department data showed. Holdings rose to $9.331 trillion from $9.248 trillion in July, led by gains from the UK and Canada; compared with a year earlier, foreign-owned Treasuries were up less than 1%.
2. China holdings fall
China’s holdings dropped to $590.7 billion, the lowest since August 2008.
