China’s U.S. Treasury Holdings Hit Lowest Level Since 2008
China cut its Treasury holdings in August, while purchases by the United Kingdom helped offset sales by China and Japan.
Key takeaways
- China’s U.S. Treasury holdings fell to $590.7 billion in August.
- The United Kingdom bought $180 billion in U.S. Treasury bonds, lifting its holdings to $1.01 trillion.
China’s holdings of U.S. Treasury bonds fell by $27.3 billion in August to $590.7 billion, according to figures published by the U.S. Treasury Department. That was the lowest level since August 2008, when China held $573.7 billion.
Japan sold $35.6 billion in Treasuries, bringing its holdings to $1.07 trillion. The United Kingdom bought $180 billion, raising its holdings to $1.01 trillion and helping keep foreign holdings of U.S. debt broadly steady despite the sales.
Foreign holdings rose from $9.25 trillion in July to $9.33 trillion in August. The source also reported that the U.S. government’s total debt reached $40 trillion in August and the 30-year Treasury yield exceeded 5%, amid concerns over the sustainability of rising U.S. debt.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
