Foreign holdings of US Treasury securities rise to $6.175 trillion in June

MarketsAssociated Press

Foreign holdings of U.S. Treasury securities rebounded in June following two straight months of declines.

The Treasury Department says in its monthly report that total holdings rose to $6.175 trillion, an increase of 0.7 percent over the May level.

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Foreign holdings of Treasury debt had fallen 0.1 percent in May after a 0.6 percent drop in April. The June increase still left total holdings $700 million below the all-time high set in March.

China, the largest foreign owner of Treasury debt, boosted its holdings 0.1 percent in June to $1.27 trillion. But Japan, the second largest holder of U.S. Treasury debt, trimmed its holdings 1.5 percent to $1.20 trillion.

The demand for U.S. Treasury securities, considered one of the world's safest investments, is expected to remain strong this year.