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China sells $34.2bn of US treasury bonds
Posted By admin On February 17, 2010 @ 11:32 am In Economic Crisis | Comments Disabled
February 17, 2010
[efoods]China relinquished its position as the largest overseas holder of US treasury bonds by selling $34.2bn (£21.7bn) worth of the securities in December, according to new treasury figures.
The move means that Japan, which boosted its purchases, is once again in the top spot. China’s sale contributed to a record drop in foreign holdings of short-term bills: in all, net overseas holdings of bills fell by $53bn. The previous record was $44.5bn in April last year.
But overall, the US saw a net inflow of $60.9bn as investors bought longer-term securities.
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