U.s. Treasury, U.s. Debt | featured news

Asia to keep buying US debt despite downgrade

China and other governments have little choice but to keep buying U.S. Treasury debt to store swelling foreign reserves even after Washington’s credit rating was cut by Standard & Poor’s.

 

China Kept Selling U.S. Debt in January

China, the largest foreign holder of U.S. Treasurys, sold a net $5.8 billion of the government's debt in January on top of more than $34 billion in December. It also continued shifting its holdings into longer-term paper.

 

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