Data Digest: China's holdings of U.S. Treasuries up slightly
Report: Treasury International Capital
The numbers: China, the largest holder of U.S. Treasury debt, increased its holdings in July for the first time in two month for a total of $846.7 billion. That is an increase of 0.4 percent from June, following declines of 2.7 percent from May to June and 3.6 percent from April to May.
Quick take: At a time when the U.S. government has a record deficit, demand for U.S. debt remains strong. With China gradually reducing its holdings, there were fears about America's biggest creditor moving out of dollars.
What it means for you: If foreign demand wanes, it could spur higher interest rates in the United States.
Data source: Treasury Department
Washington Post editors
September 16, 2010; 9:55 AM ET
Categories: *Data Digest
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