China and Japan Assistance Boost Foreign Holdings of US Debt

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Source:   —  April 16, 2016, at 1:03 AM

S. Treasury securities jumped in February, driven by China and Japan, the two biggest foreign owners of U. S. debt. The Treasury Dept says total foreign holdings increased 0.9 % to $6.24 trillion.

Foreign holdings of U. S. Treasury securities jumped in February, driven by China and Japan, the two biggest foreign owners of U. S. debt.

The Treasury Dept says total foreign holdings increased 0.9 % to $6.24 trillion.

China expanded its holdings 1.1 % to $1.25 trillion, while Japan increased its holdings 0.9 % to $1.13 trillion.

Holdings by Caribbean banking centers such as the Bahamas and the Cayman Islands rose three % to $361 billion.

The national debt presently stands at a record $19.1 trillion. With the federal budget deficit projected to grow, the United States will necessity to look continued powerful foreign demand for Treasury debt.

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