China increases holdings of US Treasury securities

June 15, 2011 - 9:13 AM

WASHINGTON (AP) — China, the biggest buyer of U.S. Treasury debt, boosted its holdings in April, the first increase after five straight declines.

The Treasury Department says China increased its holdings by $7.6 billion to $1.15 trillion.

Total foreign holdings of Treasury securities rose 0.2 percent to $4.49 trillion.

Japan, the second largest buyer of U.S. debt, trimmed its holdings slightly by $1 billion to $906.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to sharply reduce its purchases to use the money for reconstruction.