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WASHINGTON — China remained the largest foreign U.S. creditor, adding to its holdings in March as the Treasury 10-year note yield reached the highest level since October.
China’s holdings rose by 1.3 percent to $1.17 trillion, U.S. Treasury Department data released Monday show. Those of Japan, America’s second-largest lender, slipped 0.2 percent to $1.08 trillion. Net foreign purchases of Treasurys increased $17.8 billion, or 0.4 percent, to a record $5.12 trillion, the data show.
The 10-year Treasury yield touched 2.40 percent March 20, after ending 2011 at 1.88 percent, as investors speculated gains in the U.S. labor market were a sign of sustainable economic growth.
Bloomberg News
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