Yesterday, Tuesday, US Treasury data showed an increase in foreign holdings of its bonds in June, and that Japan was its largest foreign holder, as its net purchases of them increased.
Foreign holdings of US government debt increased to $7.563 trillion in June, up from $7.521 trillion the previous month.
The data showed that foreign holdings of treasury bonds, in the largest global economy, also rose from the previous year, when they amounted to $7.417 trillion.
Japan increased its portfolio of Treasury bonds to $1.106 trillion from $1.097 trillion in May.
China held $835 billion in Treasury bonds in June, down from $847 billion in May, while Britain’s holdings rose to $672 billion, from $660 billion.
And the “Fitch” credit rating agency surprised investors on the first of August by lowering the US rating from “AAA” to AA +, attributing this to the expected financial deterioration over the next three years, and the recurrence of government debt ceiling negotiations that threaten the president’s administration’s ability to pay its financial obligations. .
Thus, Fitch is the second major credit rating agency to downgrade the United States, after Standard & Poor’s in 2011.
2023-08-16 10:18:26
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