Summary Box: China increases Treasury holdings

AP News
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Posted: Jun 15, 2011 3:02 PM
Summary Box: China increases Treasury holdings

FOREIGN HOLDINGS: Foreign buyers of U.S. Treasury securities increased their holdings in April, pushing them up 0.2 percent to $4.49 trillion.

CHINA AND JAPAN: China, the largest holder of Treasury debt, increased its holdings by $7.6 billion to $1.15 trillion, the first advance after five straight monthly declines. Japan, the second-larger owner of Treasury securities, trimmed its holdings by $1 billion to $906.9 billion.

OUTLOOK: Economists believe that foreign demand for Treasury securities will remain strong as long as Congress removes the risk of a default by approving an increase in the nation's $14.3 trillion borrowing limit before the Aug. 2 deadline.