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China Adds Treasuries for Second Month on Reserve Growth

China remained the largest foreign U.S. creditor, adding to its holdings in March as the Treasury 10-year note yield reached the highest level since October.

China’s holdings rose by 1.3 percent to $1.17 trillion, U.S. Treasury Department data released yesterday show. Those of Japan, America’s second-largest lender, slipped 0.2 percent to $1.08 trillion. Net foreign purchases of Treasuries increased $17.8 billion, or 0.4 percent, to a record $5.12 trillion, the data show.