Foreign investors reduced their holdings of U.S. government debt in March, according to data released by the U.S. Treasury Department, as rising bond yields and geopolitical uncertainty weighed on global markets.
Total foreign holdings of U.S. Treasuries fell to $9.349 trillion at the end of March from a record $9.487 trillion in February, a monthly decline of about 1.5 percent.
Japan, the largest foreign holder of U.S. Treasuries, reduced its holdings by nearly $48 billion to $1.192 trillion. China cut its holdings by about $41 billion to $652.3 billion, the lowest level since September 2008.
Despite the decline, China remains the third-largest reported foreign holder of U.S. Treasuries….
China and Japan Cut US Treasury Holdings as Foreign Demand Slows
