• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Foreign holdings of US Treasuries soar to all-time peak in August, data shows

by October 17, 2024
written by October 17, 2024

NEW YORK (Reuters) – Foreign holdings of U.S. Treasuries surged to a record high in August, data from the Treasury Department showed on Thursday, rising for four straight months.

Holdings of U.S. Treasuries by foreigners rose to $8.503 trillion in August, up from $8.338 trillion in the previous month. They were up 11.5% from holdings a year earlier.

The benchmark 10-year Treasury yield started August at 3.978% and ended the month at 3.844%, falling 13.4 basis points. U.S. Treasury yields had been declining in August as Federal Reserve officials flagged the onset of the easing cycle with inflation on its way to its 2% target.

The Fed eventually cut rates by a hefty 50 bps on Sept. 18.

Data further showed that Japan remained the largest non-U.S. holder of Treasuries, with holdings of $1.129 trillion, the largest since March. Its holdings have increased for three consecutive months.

China’s pile of Treasuries, meanwhile, fell for a second straight month in August to $774.6 billion. It dropped to as low as $767.4 billion in March, which was the smallest since January 2010, when the country’s holdings dropped to $765.2 billion.

Treasury holdings by the world’s second largest economy hit a record high of $1.315 trillion in June 2011.

Major U.S. asset classes also had inflows during the month, the data showed.

On a transaction basis, U.S. Treasuries posted foreign inflows of $19.2 billion, compared with $55.9 billion in July.

Foreign buying of U.S. corporates and agencies also persisted in March, with inflows of $41.7 billion and $4.2 billion, respectively.

U.S. equities also saw huge buying of $64.8 billion in August, up from $43.7 billion in the previous month, data showed.

Overall, net foreign acquisitions of long- and short-term securities, including banking flows, showed a net inflow of $79.2 billion in August, down sharply from $159.1 billion in the month before.

U.S. residents, meanwhile, increased their holdings of long-term foreign securities, with net purchases of $18.4 billion for the month. In July, they sold $400 million in foreign securities.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
IMF’s Georgieva says China can no longer rely on exports for growth
next post
Morning Bid: Waiting for the big one .. China GDP

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Explainer-More eyes turn to FEMA as Hurricane Milton approaches
    • US stock futures muted ahead of Fed meeting

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy