China ups US T-Bond holdings for 4 straight months

14:32, December 16, 2010      

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China increased its holdings of U.S. Treasury bonds (T-bonds) by 2.3 percent to 906.8 billion U.S. dollars in October, an 11-month high, according to data released by the U.S. Ministry of Finance.

China is no longer the top holder of U.S. treasuries. The U.S. Federal Reserve holds a total of 996 Billion U.S. dollars of U.S. debt. But China remains the largest single holder country of U.S. debt.

Japan, the second largest holder of T-bonds, increased its holdings by 1.5 percent to 877.4 U.S. dollars billion in October.

The third largest holder, the United Kingdom., increased its holdings by four percent to 477.6 billion U.S. dollars in the same month while oil exporting nations reduced their holdings of T-bonds by 3.4 percent to 213.9 billion U.S. dollars.

The U.S. federal budget deficit hit 1.29 trillion U.S. dollars as of Sept. 30, 2010.

By People's Daily Online
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