China's Holdings of U.S. Treasuries Rise to Five-Month High
- No. 2 foreign creditor Japan sees holdings fall to 2011 low
- Data from March were during rising trade tensions over tariffs
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China’s holdings of Treasuries rose to a five-month high in March, underscoring the allure of U.S. government debt even amid trade tensions between the world’s two largest economies.
China’s holdings of U.S. bonds, bills and notes increased by $11 billion to $1.19 trillion in March, according to Treasury Department data released in Washington on Tuesday. China remained the largest foreign creditor to the U.S., followed by Japan, whose holdings dropped by $16 billion to $1.04 trillion, the lowest level since October 2011.