China Cuts Its US Treasury Bond Holdings For Second Straight Month in February
Liao Shumin
DATE:  Apr 18 2024
/ SOURCE:  Yicai
China Cuts Its US Treasury Bond Holdings For Second Straight Month in February China Cuts Its US Treasury Bond Holdings For Second Straight Month in February

(Yicai) April 18 -- China, the United States’ second-largest creditor, trimmed its holdings of US Treasury bonds for the second month in a row in February.

China’s holdings of US Treasuries fell by USD22.7 billion to USD775 billion in February from the previous month, according to data released by the US Department of the Treasury yesterday. The country has been holding less than USD1 trillion US Treasury Bonds since April 2022.

China slightly increased its holdings of US Treasury bonds in March last year, cut them for seven straight months between last April and October, and then hiked them again in November and December. It trimmed them by USD18.6 billion in January.

Japan, the US largest creditor, increased its holdings of US Treasuries by USD16.4 billion to USD1.17 trillion in February from the month before. The United Kingdom, the US third-biggest creditor, also raised its holdings by USD9.6 billion to USD700.8 billion.

The net foreign inflow into short- and long-term US securities and bank flows stood at USD51.6 billion, the data from the US Department of the Treasury also showed. The figure was USD8.8 billion in January.

Editor: Futura Costaglione

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Keywords:   US,Bond,UK,Japan