(Yicai) May 16 -- China, the United States’ second-largest creditor, cut its holdings of US Treasury bonds for the third month in a row in March.

China’s holdings of US Treasuries fell by USD7.6 billion to USD767.4 billion in March from the previous month, according to data released by the US Department of the Treasury yesterday. The country has been holding less than USD1 trillion US Treasury Bonds since April 2022.

China slightly increased its holdings of US Treasury bonds in March last year, cut them for seven straight months between last April and October, and then hiked them again in November and December. It trimmed them by USD18.6 billion in January and USD22.7 billion in February.

Japan, the US largest creditor, increased its holdings of US Treasuries by USD19.9 billion to nearly USD1.2 trillion in March from the month before. The United Kingdom, the US third-largest creditor, also raised its holdings by USD26.8 billion to USD728.1 billion.

The net foreign inflow into short- and long-term US securities and bank flows stood at USD102.1 billion in March, of which USD71.7 billion were official funds and USD30.3 billion were foreign private funds, the data from the US Department of the Treasury also showed.

Editor: Futura Costaglione