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VOL. 128 | NO. 53 | Monday, March 18, 2013

Foreign Holdings of US Debt Rise to $5.62 Trillion

MARTIN CRUTSINGER | AP Economics Writer

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WASHINGTON (AP) – Foreign demand for U.S. Treasury securities rose to a record level in January, providing evidence that international investors remain confident in U.S. debt despite on-going budget battles in Washington.

The Treasury Department said Friday that foreign holdings of U.S. Treasury securities rose in January for a 13th straight month to a record $5.62 trillion, up 0.8 percent from December. China, the top foreign holder, increased its holdings 3.6 percent to $1.26 trillion. Japan, the second largest holder, boosted its investment 0.4 percent to $1.12 trillion.

Demand kept rising as Congress and President Barack Obama kept wrangling over various budget issues. Congress did agree to temporarily lift the government's borrowing limit but no deal was reached on a plan to avert automatic spending cuts from going into effect on March 1.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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