China’s holdings of U.S. Treasury securities reached an 18-year low in July, new Treasury Department data shows.
It’s not just China. Foreign governments are pulling back on buying Treasury securities, and hedge funds and other private investors are filling the void.
That poses some risks to the ability of the U.S. to borrow money cheaply, as analysts say it could put upward pressure on borrowing costs.
China’s holdings of Treasury securities fell to $618 billion in July, the lowest level since August 2008, when they were at $573.7 billion.
by Axios – China’s Treasury holdings fall to 2008 low
