News, analysis and personal reflections on the markets & the financial sector

Wednesday, November 19, 2008

China replaces Japan as biggest U.S. debt holder

After years of accelerating purchases of U.S. debt, China has taken over Japan's spot as the biggest foreign holder of Treasury bills, notes and bonds. China's investment in U.S. debt rose from $541.4 billion in August to $585 billion in September, while Japan's holdings declined from $586 billion to $573.2 billion. Meanwhile, U.S. investors sold a record $38 billion in foreign bonds.

more at http://www.ft.com/cms/s/0/eed11ddc-b5ab-11dd-ab71-0000779fd18c.html

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