China Adds Treasuries For First Time Since July on Europe Woes
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China, the largest foreign U.S. creditor, increased its holdings of U.S. government securities in January for the first time in six months as European leaders struggled to contain the region’s sovereign-debt crisis.
Holdings rose by 0.7 percent to $1.16 trillion, the first growth in China’s stake since July, Treasury data released yesterday show. The report also showed that net foreign purchases of Treasuries totaled almost $83 billion in January, compared with net selling of $14.9 billion the month before.