WASHINGTON AP - China boosted its holdings of U.S. Treasury debt for the first time in six months. That development could ease concerns that lagging foreign demand will force the U.S. government to pay higher interest rates to finance its debt.The Treasury Department reported Monday that China's holdings of U.S. Treasury securities rose in March 2 percent to $895.
May 17, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – China boosted its holdings of U.S. Treasury debt for the first time in six months. That development could ease concerns that lagging foreign demand will force the U.S. government to pay higher interest rates to finance its debt.
The Treasury Department reported Monday that China’s holdings of U.S. Treasury securities rose in March 2 percent to $895.2 billion, the first increase since last September.
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