China cuts its holding of U.S. treasuries to $1.2 trillion
China reduced its holding of the treasuries by $7.7 billion to $1.2446 trillion in March, following an increase of $14.4 billion in February.
Japan, the second largest foreign holder of U.S. treasuries, increased its holding by 4 billion dollars to $1.1371 trillion in March.
In March, overall foreign holdings of U.S. Treasury securities rose to $6.287 trillion from February's $6.2362 trillion. ■