News Summary: Foreign holdings hit record $5.46T
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Source: Business News
Originally published: Nov 16, 2012 - 3:08 pm
Originally published: Nov 16, 2012 - 3:08 pm
(AP) - RECORD HOLDINGS: Foreign demand for U.S. Treasury securities rose to a record $5.46 trillion in September. It was the ninth straight month in which it reached a record level.
BIGGEST INVESTORS: China, the largest holder of U.S. government debt, barely increased its holdings to $1.16 trillion. Japan, the second-largest, increased its holdings to $1.13 trillion.
OUTLOOK: Investors remain confident in U.S. debt despite a potential budget crisis. Lawmakers and President Barack Obama are at odds over whether to raise the U.S. borrowing limit as part of the broader negotiations.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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