国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

US debt holdings increase in August

By Cai Xiao | China Daily | Updated: 2017-10-19 07:18

China's holdings of US treasuries rose for a third consecutive month in August to the highest in a year on the back of rising foreign exchange reserves and expectations that the greenback may appreciate further.

The country's total holdings of US bonds, notes and bills rose by $34.5 billion on a monthly basis in August to $1.2 trillion, according to data from the US Treasury Department on Tuesday.

Japan, which overtook China as the largest holder of US treasuries last October, cut its holdings by $11.4 billion to $1.1 trillion in August.

"China has continued to increase its holdings of US treasuries as it had a trade surplus and forex reserves were increasing," said Deng Haiqing, chief economist of JZ Securities, adding that other factors like a weaker euro had also prompted the purchases.

China's foreign exchange reserves rose to their highest level so far this year in September to $3.11 trillion, marking a growth for the eighth straight month.

Cross-border capital flows and the foreign exchange market's supply-demand situation were generally balanced, while the rise in asset prices in global financial markets has pushed the growth in foreign exchange reserves, a statement from the State Administration of Foreign Exchange said in September.

In January, China's forex reserves plunged below $3 trillion, but with economy moving on to a firmer footing and the yuan stabilizing, the stockpile has increased steadily since February.

Ding Shuang, an economist with Standard Chartered, said higher holdings of US treasuries can be profitable for China as the US currency is expected to rebound by the end of this year.

By the end of August, overall foreign holdings of US Treasury securities rose to $6.27 trillion from July's $6.25 trillion. Data also showed that foreigners bought US Treasuries to the tune of $11.49 billion in August, after selling $490 million in July.

Yields on the benchmark 10-year US Treasury notes at the beginning of August were 2.25 percent and ended the month at 2.12 percent.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
吴忠市| 汤阴县| 登封市| 舒兰市| 嘉义县| 岑溪市| 盐城市| 中宁县| 孝昌县| 黔南| 武功县| 麻城市| 大兴区| 高州市| 汪清县| 广东省| 民和| 香港| 南京市| 惠水县| 襄垣县| 青岛市| 永仁县| 黄骅市| 修水县| 思南县| 沙河市| 福建省| 安化县| 禄丰县| 平罗县| 龙口市| 自贡市| 青龙| 车致| 龙井市| 洛宁县| 连平县| 镇远县| 延川县| 新和县|