China Drops to Number Three Holder of Treasuries, Behind UK
This article is for subscribers only.
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner.
The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department figures showed Friday.