July 16, 2013

A BALANCED US BUDGET IS THE GREATEST THREAT TO THE WORLD ECONOMY:

China Keeps On Gobbling Up Treasurys (MIN ZENG, 7/16/13, WSJ)

The largest foreign holder of Treasury securities kept buying amid a spring swoon in U.S. government-bond prices, increasing its holdings to the highest level on record.

China in May bought about $22.49 billion in Treasury notes and bonds, the latest U.S. data showed on Tuesday, even as many other large investors reduced holdings of the debt.

China's holdings hit $1.316 trillion, compared with the previous peak of $1.315 trillion in July 2011, said Ian Lyngen, senior government-bond strategist at CRT Capital Group LLC. The May gain marks the third-biggest monthly increase since the U.S. began publishing foreign-ownership data in 1985, said Mr. Lyngen.

Posted by at July 16, 2013 6:40 PM
  

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