Japan Overtakes China As Top Foreign Holder Of US Treasuries
Zero Hedge -

In recent months, many were wondering if, or rather when, as a result of the ongoing trade war, China would lose its status as the largest US foreign creditor. The answer, according to the just released TIC data: this happened in June, although not as a result of a major drop in Chinese Treasury holdings, but rather thanks to a dramatic surge in Japanese holdings of US paper.

Indeed, while in June China added a modest $2.3 billion to its Treasury holdings after three consecutive months of...

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