US Treasury Debt To Foreign Holders Continues Increase

WASHINGTON (AP) — Foreigner buyers of U.S. Treasury securities increased their holdings for a third month in October, despite budget battles in Washington that shut down the government for 16 days that month.

The Treasury Department says total foreign holdings edged up 0.01 percent in October to $5.65 trillion after a 1 percent gain in September. Holdings had fallen from April through July, likely reflecting concerns about rising interest rates. In October, holdings were 1.2 percent below the record high of $5.72 trillion reached in March.

China, the largest foreign buyer of Treasury debt, boosted its holdings 0.8 percent in October to $1.3 trillion. Japan, the second-largest buyer, trimmed its holdings 0.3 percent to $1.17 trillion.

An impasse over the budget led to a 16-day partial government shutdown in October.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS DC

D.C. Lottery Live
Follow and Like Us

Listen Live