Foreign holdings of US Treasuries rise from almost 1-year low
The Bloomberg US Treasury index has advanced 0.3% in August
Foreign holdings of US Treasuries surged in August, marking a resurgence after hitting near a one-year low. This increase, totaling over US$83 billion from July, was propelled by significant additions from Canada and Belgium. The total foreign holdings reached US$9.33 trillion by the end of August, as reported by the Treasury Department.
Japan, the largest foreign holder, saw a notable drop of US$36 billion, bringing its holdings to a 18-year low of US$1.1 trillion, following their summer intervention in the foreign exchange market. China, the third-largest holder, experienced a decline of US$27 billion, with the total standing at an 18-year low of US$591 billion.
Canada saw a surge of US$38 billion, while Belgium added nearly US$20 billion. The UK's holdings also increased by US$11 billion, making it the second-biggest holder of Treasuries for the first time.
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