China boosts its Treasury holdings in October
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.
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