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China cuts U.S. treasuries holding in June

Staff Writer |
China, the top buyer of U.S. Treasury securities, cut its holding in June, the latest data from the U.S. Treasury Department showed.

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China shed its treasuries holding by $3.2 billion in June, with the total holding at $1.2408 trillion dollars. The country added 1.2 billion dollars of U.S. treasuries in May, but cut the holding in April and March.

Japan, the second largest foreign holder of U.S. treasuries, increased its holding by $14.5 billion dollars to $1.1477 trillion dollars in June.

By the end of June, overall foreign holdings of U.S. Treasury securities increased to $6.281 trillion from May's $6.2099 trillion.

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