US Treasury Debt Being Gobbled Up By Foreign Holdings

The US Treasury announced today that total foreign holdings of US Treasury debt increased 0.8% in February reaching a new high of $5.89 trillion, the Associated Press reports, although China notably reduced its total holding of US Treasury debt while Japan accumulated even more US Treasury debt in February. (March numbers won’t be made available until mid-May.) China became America’s largest creditor in 2008 China still owns more US Treasury debt than anyone else, $1.27 trillion after the 0.2% dip in February, but Japan has been gaining on it for the last few years and continues to close the gap…