China Adding to $1 Trillion of U.S. Debt Caps Rise in Rates
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Investors outside the U.S. have boosted their holdings of longer-maturity Treasuries to the highest level since the credit markets froze in 2008, helping curb rising yields amid concern inflation is accelerating.
International buyers held 90 percent of their $4.44 trillion of U.S. government debt in notes and bonds as of December, the same as in September 2008 when Lehman Brothers Holdings Inc. collapsed, Treasury data released last week show. The ratio fell to 83 percent in October 2009 as investors sought the safety of Treasury bills with the U.S. economic recovery still in question.