(Yicai Global) June 16 -- China, the United States’ second-biggest creditor, reduced its holdings of US Treasury bonds for a second month in a row in April amid slowing growth among foreign investors.

China slashed its holdings by USD4.3 billion to USD1.1 trillion in April from a month earlier, according to data the US Department of the Treasury released yesterday.

Enthusiasm was waning abroad. Overseas investors increased their holdings of US government debt by USD49.6 billion in April. In March, the figure had jumped by USD118.9 billion.

However, the largest foreign owner of US debt was swimming against the stream. Japan boosted its holdings by USD36.4 billion to USD1.3 trillion in April, a new high of nearly eight months.

Corporate bonds were trending amid the lingering Covid-19 pandemic. In April, overseas investors increased their holdings of US corporate bonds by USD10.1 billion and sold USD13.3 billion worth of US stocks.

Editor: Emmi Laine, Xiao Yi