The largest foreign holder of Treasury securities kept buying amid a spring swoon in U.S. government-bond prices, increasing its holdings to the highest level on record.
China in May bought about $22.49 billion in Treasury notes and bonds, the latest U.S. data showed on Tuesday, even as many other large investors reduced holdings of the debt.
China’s holdings hit $1.316 trillion, compared with the previous peak of $1.315 trillion in July 2011, said Ian Lyngen, senior government-bond strategist at CRT Capital Group LLC. The May gain marks the third-biggest monthly increase since the U.S. began publishing foreign-ownership data in 1985, Mr. Lyngen said.
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Min Zeng, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Ox4TitmrQvY/
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