China's holdings of U.S. Treasury securities rose for the third month in May, while Japan continues to cut its holdings to a year low.
China added 6.9 billion U.S. dollars of the treasuries to 1. 2703 trillion U.S. dollars in May, the highest level since June 2014, the latest data from the Treasury Department showed on Thursday. The country has increased its U.S. treasuries holdings for three months running.
Japan, which had overtook China as the biggest foreign holder in February before trading places again in March, cut its holdings by 1 billion dollars to 1.2149 trillion dollars in May, the lowest since April 2014.
In May, the overall foreign holdings of U.S. Treasury securities reached 6.1348 trillion U.S. dollars, down from a revised 6.1384 trillion dollars in April.
