Foreigners hold less US securities

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September 18, 2013

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Foreigners hold less US securities

Source: Agencies | September 18, 2013, Wednesday |

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Foreign holdings of US Treasury securities fell for a fourth consecutive month, suggesting some buyers may be worried about the impact of budget fights in Washington.

The Treasury Department yesterday said total foreign holdings fell 0.2 percent in July to US$5.59 trillion. Holdings have lost US$110 billion since hitting a record high in March.

Still, the two largest buyers stepped up purchases in July. China boosted its holdings 0.1 percent to US$1.28 trillion following a 1.7 percent drop in June. Japan raised its holdings 4.8 percent to US$1.14 trillion.

Treasury debt held by foreigners is up 3.9 percent from a year ago. The recent declines come as Congress is at odds over how to fund the government past September and whether to raise the nation’s US$16.7 trillion borrowing limit.

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Foreigners hold less US securities

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