China's Holdings of U.S. Treasuries Drop to Seven-Month Low
- Holdings by Japan, Brazil, Caribbean nations also scaled back
- Total cross-border outflow at $175.1 billion in September
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China’s holdings of U.S. Treasury securities fell to the lowest level since February as the nation continued to pare its foreign-exchange reserves to support the yuan.
The biggest foreign holder of U.S. government debt had $1.258 trillion in bonds, notes and bills in September, down $12.5 billion from a month earlier, according to Treasury Department data released Tuesday in Washington. Japan, the largest holder after China, also reduced its Treasury portfolio, by $19.9 billion to $1.18 trillion, the lowest level since October 2013.