(Yicai Global) Oct. 19 -- The value of US Treasury bonds owned by China, the second-biggest creditor to the Unites States, fell to an 11-year low in August after the Asian country pared its holdings by USD21.3 billion from the previous month.

China owned USD1.047 trillion of US government debt in August, according to data the US Treasury Department released yesterday. That was the lowest since 2010, Bloomberg News reported.

But foreign investors increased their holdings of US Treasuries for a fifth consecutive month, growing them by USD12.8 billion to USD7.56 trillion.

Japan and the UK, the biggest and third-largest creditors to the US, boosted their holdings by USD9.6 billion and USD20.5 billion to USD1.32 trillion and USD569 billion, respectively.

The benchmark yield on 10-year US treasury bonds rose about 9 basis points to 1.31 percent in August.

Editor: Futura Costaglione