Foreign Holdings of U.S. Treasuries Hit Record High with Largest Monthly Increase in a Year
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Foreign holdings of U.S. Treasuries recorded the largest monthly increase in a year in February, reaching $9.49 trillion, an addition of $197.7 billion, driven primarily by Canada and Saudi Arabia. Canadian holdings increased by $50.5 billion to $446.3 billion, while Saudi holdings rose by $25.6 billion to $160.4 billion. Holdings by Japan and the UK also increased by $14 billion and $17.6 billion respectively, whereas China's holdings decreased by $1.1 billion to $693.3 billion. The U.S. Treasury Index rose 1.8% in February
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