China, the top buyer of U.S. Treasury securities, cut its holding in April, according to the latest data from the U.S. Treasury Department.
China reduced its holding of the treasuries by $1.8 billion to $1.2428 trillion in April. The country has cut its holding for two consecutive months by April.
Japan, the second largest foreign holder of U.S. treasuries, increased its holding by $5.7 billion to $1.1428 trillion in April.
In April, overall foreign holdings of U.S. Treasury securities dropped to $6.2385 trillion from $6.287 trillion in March.
(Xinhua News Agency June 16, 2016)