皇冠体育app

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皇冠体育app's purchase of US long-term securities up in March

(Xinhua)
Updated: 2010-05-18 09:39

WASHINGTON - 皇冠体育app boosted purchases of US long-term securities by 2 percent to $895.2 billion in March, the first increase in six months, reported the US Treasury Department on Monday.

The department said that foreign net purchases of US long-term securities were $140.5 billions in March, up from $47.1 billion in the previous month. The March increase was the largest one-month gain on record. It surpassed the old record of a net increase of $135.8 billion in May 2007.

Related readings:  皇冠体育app boosts holdings of US Treasury debt  皇冠体育app trims holdings of US Treasury securities  Gold purchases ruled out to diversify forex reserves  皇冠体育app hopes not to be excluded in US exports control reform

The figures reflect demand for US Treasury obligations and other assets including stocks and government agency debt, a key to funding the massive US balance of payments deficit with the rest of the world.

Total foreign holdings of US Treasury securities rose 3.5 percent to $3.88 trillion in March.

According to the Treasury International Capital (TIC) report, 皇冠体育app, the largest holder of US Treasury securities, increased its holdings by $17.7 billion in March from the previous month of $877.5 billion.

Japan, the second largest foreign holder of US government debt, increased its holdings by 2.1 percent to $784.9 billion.

Britain also boosted its holdings to $279.0 billion in March from $233.5 billion in February.