Foreign Holdings of US Debt Declines as China Continues Dumping Treasury Securities

Foreign holdings of U.S. Treasury securities extended their decline as China and several other countries reduced their exposure to government debt, new data show. According to the Treasury Department, global holdings of U.S. bonds slipped 0.5 percent, to $7.565 trillion in October, down from $7.604 trillion in September. This was the second straight month that foreign investors dumped Treasurys. However, compared to the same time a year ago, foreign holdings are up about 6 percent. China continued cutting its U.S. assets for the eighth consecutive month, totaling $769.6 billion. This is down approximately 1 percent month over month and more than 12 percent year over year....