China's holdings of U.S. Treasuries rose in October as the world's second-largest economy rebuilds its currency reserves.
China's holdings of U.S. bonds, notes and bills increased by $8.4 billion to $1.19 trillion, according to Treasury Department data released Friday in Washington. China remains the biggest foreign holder of U.S. Treasuries, ahead of Japan, which owned $1.09 trillion, down by $2.1 billion from September. That was the third straight month of declines.
The two countries account for more than a third of all foreign ownership of Treasuries, which gained by $26.4 billion to a record $6.35 trillion in October, the figures showed.
China's foreign-exchange reserves rose for a 10 month period to $3.12 trillion in November. The country's capital outflows have eased amid tighter controls, helping steady the currency. The yuan has gained about 5 percent against the greenback this year, rebounding from a loss of some 6.5 percent last year.
Business on 12/16/2017