China Cuts US Treasuries Holding in June

China, the top buyer of US Treasury securities, cut its holding in June, the latest data from the US Treasury Department showed.

    China shed its treasuries holding by 3.2 billion US dollars in June, with the total holding at 1.2408 trillion dollars. The country added 1.2 billion dollars of US treasuries in May, but cut the holding in April and March. 

    Meanwhile, Japan, the second largest foreign holder of US treasuries, increased its holding by 14.5 billion dollars to 1.1477 trillion dollars in June. By the end of June, overall foreign holdings of US Treasury securities increased to 6.281 trillion dollars from May's 6.2099 trillion dollars.