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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 This material may not be published, broadcast, rewritten or redistributed.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 47 47 6,819
MORTGAGES 57 57 9,337
FORECLOSURE NOTICES 0 0 1,990
BUILDING PERMITS 0 0 15,738
BANKRUPTCIES 55 55 6,114
BUSINESS LICENSES 24 24 2,622
UTILITY CONNECTIONS 124 124 8,592
MARRIAGE LICENSES 53 53 2,050

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