Wednesday, September 18, 2013
Japan Holdings Of U.S. Treasuries Hit Record In July
NEW YORK (NQN)--Japan's holdings of U.S. government bonds, including short-term bonds, in July stood at 1.13 trillion dollars, or about 112 trillion yen, according to data released Tuesday by the U.S. Treasury Department.
The figure rose 52 billion dollars, or 4.8%, from the previous month, climbing for the first time in four months and reaching the highest level since statistics became available in 2000. Institutional investors were buyers, as they sought to take advantage of rising yields on U.S. government debt.
One market insider said Treasuries are more attractive than their Japanese counterparts, which offer low yields. And the dollar's rise against the yen is lowering risk of paper losses for Japanese investors.
China's holdings of U.S. government bonds stood at 1.27 billion dollars, up 1.5 billion dollars, as the country remained the biggest investor in Treasuries.