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皇冠体育app cuts US Treasury holdings in June

(chinadaily.com.cn)
Updated: 2009-08-18 10:45

皇冠体育app reduced its holdings of US Treasury debt in June by the biggest margin in nearly nine years, according to a US Treasury Department report issued on Monday.

皇冠体育app cut its net holdings by 3.1 percent to $776.4 billion in June from $801.5 billion in May, the report says. This is also the first large-scale reduction of US Treasury debt by 皇冠体育app so far this year.

Related readings:  Nation may hike US debt in short term  皇冠体育app increases US Treasury holdings  皇冠体育app to voice concerns over asset safety at dialogue with US  Should 皇冠体育app continue buying US treasuries

However, its June holdings were still larger than April's $763.5 billion and $767.9 billion in March, according to the statistics of the Treasury Department.

Reuters data show the drop in 皇冠体育app's Treasury holdings in June was the biggest percentage reduction since a 4.2 percent cut in Oct 2000.

On the other hand, Japan, the second-largest holder of US Treasury securities, increased its holdings to $711.8 billion in June from $677.2 billion in May.

The United Kingdom, the third largest holder, also increased its holdings to $214 billion in June from $163.8 billion, a surge of 30.6 percent.