please contact sales@tanchin.hk for any inquiry
The U.S. Treasury Department released data on Thursday showing that Japan overtook China in June as the largest holder of U.S. debt outside the United States, with its holdings rising to nearly three-year highs.
Japan's U.S. Treasury position rose to $1.122 trillion in June, up from $1.101 trillion in May, the largest since October 2016.
This is not the first time that Japan has overtaken China to become the largest holder of US debt outside the United States. Data show that from January to May 2017, Japan held more U.S. debt than China.
"The overall low or negative yield in the sovereign bond market makes US bonds more attractive than European and Japanese bonds," said Benjamin Jeffery, interest rate analyst at BMO Capital Markets.
The steeper yield curve in June -- the widening gap between long-term bond yields and short-term bond yields has led to exchange rate hedging costs that are "less onerous for foreign buyers," he added.
China is the second largest holder of U.S. Treasury bonds, with a position of $1.112 trillion in June and $1.110 trillion in May.
Overall, major countries except the United States held $6.636 trillion in U.S. debt positions in June, up from $6.539 trillion in May, indicating continued demand for hedge assets.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

6009-Z 6009-RS1 6009-2Z 6009-2RS1 6009 16009 61909-2RZ 61909-2RS1 61909 61809-2RZ 61809-2RS1 61809 RMS 14 RLS 14 RMS 13 RLS 13 6408 62308-2RS1 6308-Z 6308-RZ