Skip to comments.Foreign holdings of US debt hit record high; China ups holds for third time
Posted on 05/16/2012 10:07:04 AM PDT by SeekAndFind
WASHINGTON Foreign demand for U.S. Treasury securities rose to a record high in March. China, the largest buyer of Treasury debt, increased its holdings for a third straight month.
Total foreign holdings rose 0.3 percent to a $5.12 trillion, marking the eighth consecutive monthly increase, the Treasury Department reported Tuesday.
U.S. government debt is considered one of the safest investments. Demand has increased as investors worry about the uncertainty surrounding Europes debt crisis.
China boosted its holdings 1.3 percent to $1.17 trillion, its third straight increase. China had trimmed its holdings for five straight months before the January increase.
Japan, the second-largest buyer of Treasury debt, trimmed its holdings slightly, cutting them 0.2 percent to $1.08 trillion.
Brazil, the third-largest foreign buyer of Treasury debt, increased its holdings in March to $237 billion. Britain reduced its holdings to $112 billion.
Demand for foreign holdings has remained strong despite the first-ever downgrade of the governments debt last August. Standard & Poors lowered its rating on long-term Treasury debt one notch following a prolonged debate in Congress over increasing the nations borrowing limit.
(Excerpt) Read more at washingtonpost.com ...
So who bought the Obama $5 trillion? Apparently not the Chinese or Japanese.
The deal below was probably the sweetener:
About a week ago our wonderful FED okayed the ChiComs to take over banks in America. One is in the process of being taken over:
So how much of the funding of the anti bank thugs/occupiers/protestors is coming from the ChiCom banks?
Has anyone heard of this low noise level story?
Does anyone care about ChiCom banks in your town/state/?
Just for the record ... although I have “bail to cash upon notice” order in place I’m still in US equities and bonds.
1) The Euro is going down - money goes to US
2) The Euro cannot even support Greece - wait til Spain and Italy follow the same path - money goes to US
3) Ooh ... let’s put our investment $ in Russian and Chinese currencies - sure to be safe. ;-)
4) Lastly, if I go to cash can I get solid ETF currencies for the Canadian Loon, Aussie dollar and the Swiss franc and could you set up an account in those countries to transfer the funds upon sale to that country or do I need the foreign account first? Money manager is no help so far ...
Feel free to advise ... ;-)
US and Euro mutual funds and insurance companies
Yep, compared to Mitt cutting the hair off a fellow student decades ago, this story has no coverage.
When something as significant as this story is buried in the media by the mediots across the board, it is not an accident.