Foreign holdings of US debt rise in October

Total foreign holdings of U.S. Treasury securities rose for the third consecutive month in October, indicating rising international demand for U.S. government debt, the U.S. Treasury Department reported Monday.

Overall foreign holdings of U.S. Treasury securities reached 5.6535 trillion U.S. dollars in October, up from 5.6529 trillion dollars in September.

According to the Treasury International Capital report, China, the largest foreign holder of U.S. Treasury securities, boosted its holdings from 1.2938 trillion dollars in September to 1.3045 trillion dollars in October.

Japan, the second largest foreign holder of U.S. government debt, trimmed its holdings from 1.1781 trillion dollars in September to 1.1744 trillion dollars in October.