Business / China top US Treasurys holder

China expands US treasuries holdings

By Hu Yang (chinadaily.com.cn) Updated: 2010-12-16 17:20

 

 China increased its holdings of US treasury bonds by 2.3 percent to $906.8 billion in October, hitting an 11-month high, Shanghai Securities News reported, citing statistics from the US Treasury Department. This is the fourth consecutive month China increased its holdings of US bonds.

Related readings:
China expands US treasuries holdings US Fed announces plan to buy $600b government bonds
China expands US treasuries holdings China increases holdings of US bonds
China expands US treasuries holdings China increases US treasury bonds in July
China expands US treasuries holdings Market to dictate US Treasury bonds holdings

Japan and the United Kingdom, the second and third largest holders of US bonds after China, increased US treasury holdings by 1.5 percent and four percent, to reach $877.4 and $477.6 billion respectively.

China bought a net 262.5 billion yen ($3.1 billion) of Japanese bonds in October, including 231.9 billion yen in short-term Japanese debt and 30.6 billion yen in long-term bonds, according to Japan's Ministry of Finance.

China's holdings of South Korean government bonds more than tripled to 6.14 trillion won ($5.4 billion) as of Nov 30, compared with 1.87 trillion won at the end of 2009. The country increased 556 billion won in South Korean bonds in November.

Hot Topics

Editor's Picks