Foreign holdings of US Treasury securities fell in August
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WASHINGTON — Foreign holdings of U.S. Treasury securities fell again in August as China, the biggest foreign owner of Treasury debt, trimmed its holdings for the third straight month.
The Treasury Department reported Tuesday that total foreign holdings dropped 0.8
China reduced its holdings 2.7
The Congressional Budget Office forecasts the national debt, now at $19.7 trillion, will increase by $8.6 trillion over the next decade, underscoring America's need to maintain high foreign demand for the rising levels of Treasury debt.
Last week, the government reported that the deficit for the 2016 budget year ended Sept. 30
China's holdings of Treasury debt have declined in nine of the past 12 months and now stand 6.7
Total foreign holdings of Treasury securities are 1.5
After China and Japan, the country with the third largest holdings of Treasury securities in August was Ireland at $266.4 billion followed by the Cayman Islands, a foreign banking