WASHINGTON (AP) — Foreigner buyers of U.S. Treasury securities increased their holdings for a third month in October, despite budget battles in Washington that shut down the government for 16 days that month.
The Treasury Department says total foreign holdings edged up 0.01% in October to $5.65 trillion after a 1% gain in September. Holdings had fallen from April through July, likely reflecting concerns about rising interest rates. In October, holdings were 1.2% below the record high of $5.72 trillion reached in March.
China, the largest foreign buyer of Treasury debt, boosted its holdings 0.8% in October to $1.3 trillion. Japan, the second-largest buyer, trimmed its holdings 0.3% to $1.17 trillion.
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