China cuts U.S. Treasuries holdings for 7th straight month -data
2022.08.16 00:14
FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REU
NEW YORK (Reuters) – China reduced holdings of U.S. Treasuries for a seventh consecutive month in June, U.S. Treasury department data released on Monday showed.
China’s stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. In May, the world’s second largest economy had $980.8 billion in Treasuries, data showed.
Japan increased holdings of Treasuries to $1.236 trillion in June, from a revised $1.224 trillion in May. The Treasury report released in July showed Japan had $1.213 trillion in Treasuries.
