China increased its holdings of US Treasuries in July for the first time in eight months, while Japan cut its US government debt load, according to data from the US Treasury department.
China’s holdings of Treasuries rose to $970 billion in July, from $967.8 billion in June, which was the lowest since May 2010 when it had $843.7 billion.
Japan educed its Treasury debt holdings to $1.234 trillion in July from $1.236 trillion the previous month. Japan remains the largest non-US holder of Treasuries.
Overall, foreign holdings of Treasuries rose to $7.501 trillion in July, from 7.430 trillion in June.