SHANGHAI :
China Dumped US Treasury Bonds in June But Remained Largest Creditor
Xu Wei
DATE:  Aug 16 2018
/ SOURCE:  Yicai
China Dumped US Treasury Bonds in June But Remained Largest Creditor China Dumped US Treasury Bonds in June But Remained Largest Creditor

(Yicai Global) Aug. 16 -- China shed USD4.4 billion worth of United States Treasury Bonds in June, but remained the biggest creditor to the world's largest economy.

As of the end of June, China held almost USD1.18 trillion worth of the sovereign securities, according to data published yesterday by the US Treasury. Foreign investors bought a net USD9.3 billion worth of the bonds through the month, holding a total USD6.21 trillion worth at the end of the half.

Japan also dumped USD18.4 billion to leave it with USD1.03 trillion worth of the bonds, its lowest holdings since October 2011 but still enough to make it the US's second-largest creditor.

Turkey, which is currently locking horns with the US over a detained American pastor, fell from the list of 31 "major" foreign shareholders, following Russia's disappearance earlier this year. Turkey had held USD32.6 billion worth of US bonds at the end of May, after almost halving its holdings over the past seven months.

Editor: James Boynton

Follow Yicai Global on
Keywords:   US,Bond,TURKEY,Japan