China cuts U.S. treasuries holding in August

China, the top buyer of U.S. Treasury securities, cut its holding in August for three months running, the latest data from the U.S. Treasury Department showed on Tuesday.

China shed its treasuries holding by 33.7 billion U.S. dollars in August, with the total holding down to 1.1851 trillion U.S. dollars. It has cut its treasuries holding for three consecutive months.

Japan, the second largest foreign holder of U.S. treasuries, also cut its holding by 10.6 billion dollars to 1.144 trillion dollars in August.

By the end of August, overall foreign holdings of U.S. Treasury securities dropped to 6.1964 trillion U.S. dollars from July's 6.2479 trillion dollars. Endit