China Cuts U.S. Treasury Holdings to 18-Year Low $651.1B
China held $651.1 billion in U.S. Treasuries in April, the lowest level since September 2008, the U.S. Treasury Department reported.
The U.S. Treasury Department reported China held $651.1 billion in U.S. Treasuries in April, the smallest reported balance since September 2008.
Holdings declined from $652.3 billion in March to $651.1 billion in April, the third consecutive month of net sales and a cumulative reduction of about $43.3 billion over that span.
The sales took place amid geopolitical tensions in the Middle East and ongoing inflation pressures that shaped expectations for U.S. interest rates and economic growth.
Total foreign ownership of U.S. Treasuries rose to $9.35 trillion in April. Japan increased its holdings to $1.21 trillion and the United Kingdom held $937.5 billion.
Canada reduced its U.S. Treasury holdings by roughly $42 billion to $397.1 billion in April.
China remained the third-largest foreign holder of U.S. government debt in April, behind Japan and the U.K.
Federal Reserve Chair Kevin Warsh supported a decision to keep interest rates unchanged; President Donald Trump has publicly advocated for sub-1% rates.
The Treasury Department’s monthly report provides a snapshot of foreign official and private holdings; subsequent monthly figures will indicate whether China’s reductions continue or reverse.
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