China, the top buyer of U.S. Treasury securities, cut its holding in June, showed the latest data from the U.S. Treasury Department.
China shed its treasuries holding by $3.2 billion in June, with the total holding at $1.2408 trillion. The country added $1.2 billion of U.S. treasuries in May, but cut the holding in April and March.
Japan, the second largest foreign holder of U.S. treasuries, increased its holding by $14.5 billion to $1.1477 trillion in June.
By the end of June, overall foreign holdings of U.S. Treasury securities increased to $6.281 trillion from May's $6.2099 trillion.
(Xinhua News Agency August 15, 2016)