Foreign Demand for U.S. Debt Still Growing

Ad Feedback

International investors demand for U.S. Treasury securities is still growing despite America's enormous budget deficits, according to a new report released by U.S.Treasury Department on Monday.
Foreign countries see American bonds as a safe haven in a time of economic uncertainty. 

"In August, foreign investors were hungry, very hungry, for U.S. Treasury bonds and notes. As a result, net private and public purchases of U.S. Treasuries reached their third highest level on record, at $136.6 billion," Gregory Daco, U.S. senior economist at IHS Global Insight, told the AFP.

"As we have seen over the last months, in times of great uncertainty over the global recovery investors continue to view U.S. securities as a safe-haven refuge," he added.

China is the largest holder of U.S. Treasury debt with $868.4 billion. Japan is number two with $836.6 billion, and Britain ranked third with $227 billion.

All three countries have been buying more Treasury securities.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.