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Omaha Steve

(99,584 posts) Mon Jun 16, 2014, 09:40 AM Jun 2014

Foreign holdings of US Treasury debt increase

Source: AP-EXCITE

By MARTIN CRUTSINGER

WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in April to another record high even though China cut back on its holdings for a third straight month.

The Treasury Department says total foreign holdings rose 0.2 percent to a record $5.96 trillion, up from $5.95 trillion in March. It marked the ninth consecutive monthly increase.

China, the largest foreign buyer of U.S. Treasury debt, reduced its holdings for a third month, cutting them by 0.7 percent to $1.26 trillion. Japan, the second largest buyer, boosted its holdings 0.8 percent to $1.21 trillion.

Foreign demand for U.S. Treasury debt is expected to remain strong this year, helped by more borrowing certainty given the congressional agreement to suspend the debt limit until March 2015.

Read more: http://apnews.excite.com/article/20140616/us--foreign_holdings-b012932393.html

FILE - In this June 6, 2014 file photo, a man holding an umbrella walks past an electronic stock indicator of a securities firm, in Tokyo. The Treasury Department releases foreign holdings data for April on Monday, June 16, 2014. (AP Photo/Eugene Hoshiko, File)

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Foreign holdings of US Treasury debt increase (Original Post) Omaha Steve Jun 2014 OP

U.S. treasuries are still considered one of if not the safest investments in the world. amandabeech Jun 2014 #1

"Belgium" sold $15 billion jakeXT Jun 2014 #2

The US does NOT have to borrow if they just made the uber rich pay their taxes. fasttense Jun 2014 #3

amandabeech

(9,893 posts)

1. U.S. treasuries are still considered one of if not the safest investments in the world.

Reply to Omaha Steve (Original post)

Mon Jun 16, 2014, 09:53 AM

Jun 2014

Whenever problems arise that affect areas of the world that figure prominently in the world economy, foreign holdings of treasuries ususally rise.

This spring, the Ukrainian/Russian conflict started, and now there is a significant problem affecting one of the top oil exporters in the Persian Gulf.

Although right now it does not look like WWIII will result from either of these problems, enough worry exists for folks to want those treasuries.

jakeXT

(10,575 posts)

2. "Belgium" sold $15 billion

Reply to Omaha Steve (Original post)

Mon Jun 16, 2014, 09:59 AM

Jun 2014

http://www.treasury.gov/ticdata/Publish/mfh.txt

fasttense

(17,301 posts)

3. The US does NOT have to borrow if they just made the uber rich pay their taxes.

Reply to Omaha Steve (Original post)

Mon Jun 16, 2014, 10:38 AM

Jun 2014

Every cent borrowed is another tax cent avoided by a 1 percenter.

There is absolutely no need to be borrowing. If Corporations and the uber rich paid the same share of taxes as the middle class does, there would be no need to borrow anything. We have debt because the uber rich don't want to pay taxes. It's as simple as that.

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