REUTERS

(REUTERS)

China & Japan Stockpile U.S. Treasuries

Markets FOXBusiness

WASHINGTON (AP) — Foreign holdings of U.S. Treasury securities jumped in February, driven by China and Japan, the two biggest foreign owners of U.S. debt.

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The Treasury Department says total foreign holdings increased 0.9 percent to $6.24 trillion.

China expanded its holdings 1.1 percent to $1.25 trillion, while Japan increased its holdings 0.9 percent to $1.13 trillion.

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Holdings by Caribbean banking centers such as the Bahamas and the Cayman Islands rose 3 percent to $361 billion.

The national debt now stands at a record $19.1 trillion. With the federal budget deficit projected to grow, the United States will need to see continued strong foreign demand for Treasury debt.

 

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