In February, foreign buyers of United States Treasury securities increased their holdings by 0.8 percent to $5.89 trillion, up from the previous month’s $5.84 trillion, according to a report by the Treasury Department. Finance experts argue that foreign demand of U.S. debt will remain strong throughout the year because Congress has agreed to suspend the debt limit until March of next year.
China, which is the largest holder of Treasury debt, diminished its holdings by only 0.2 percent to $1.27 trillion. The second-largest holder of U.S. debt Japan, meanwhile, increased its holdings by 0.8 percent to $1.21 trillion.
Belgium continues to remain as the third-largest holder of Treasury securities for the second consecutive month with $341.2 billion. Brazil ($243.9 billion) and Taiwan ($180 billion) rounded out the top five countries.
Russia reduced its holdings by more than $5 billion to $126.2 billion.
The entire list can be read here.