WASHINGTON (AP) — Foreign holdings of U.S. Treasury securities rebounded in June following two straight months of declines.
The Treasury Department says in its monthly report that total holdings rose to $6.175 trillion, an increase of 0.7 percent over the May level.
Foreign holdings of Treasury debt had fallen 0.1 percent in May after a 0.6 percent drop in April. The June increase still left total holdings $700 million below the all-time high set in March.
China, the largest foreign owner of Treasury debt, boosted its holdings 0.1 percent in June to $1.27 trillion. But Japan, the second largest holder of U.S. Treasury debt, trimmed its holdings 1.5 percent to $1.20 trillion.
The demand for U.S. Treasury securities, considered one of the world's safest investments, is expected to remain strong this year.