Foreign holdings of United States Treasury securities reached a record high of $6.07 trillion in the month of August, an increase of $70 billion from the previous month. With the U.S. dollar hitting a five-year high and many believing the U.S. economy is fully recovering, countries have once again bought into the hype of the U.S.
Japan ramped up its holdings by $11 billion, while Belgium and China added another $12 billion to its holdings, according to a new report from the Treasury Department. It’s believed that September and October could establish greater records, particularly with concerns of the slowdown in emerging markets and the chaos transpiring in the eurozone economy.
Canada decreased its holdings of U.S. debt by close to $2 billion in August to a total of $64.9 billion.
Here is a list of the top 10 nations holding U.S. debt (excluding Caribbean banking centers and oil exporters):
China: $1.269 trillion
Japan: $1.23 trillion
Belgium: $359.9 billion
Brazil: $261.7 billion
Switzerland: $189.1 billion
Taiwan: $172.9 billion
United Kingdom: $172.8 billion
Hong Kong: $160.5 billion
Luxembourg: $150.5 billion
Russia: $118.1 billion
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