China boosts holdings of US debt for fourth straight month in October.
China, the biggest buyer of U.S. Treasury securities, has increased its holdings for a fourth straight month.
The Treasury Department said Wednesday that China’s holdings of Treasury debt rose 2.6 percent in October to $906.8 billion. That’s the highest level in 11 months.
Overall, foreign holdings of Treasury securities rose 1.1 percent to $4.3 trillion. That indicates that other nations still have a strong appetite for Treasury debt even as the U.S. government continues to run $1 trillion-plus annual budget deficits.
Of the total foreign holdings, $2.85 trillion, or two-thirds, is held by foreign governments and central banks.