The U.S. Treasury Department said today (Thursday) that total foreign holdings of U.S. debt rose 1.1% in November to $5.72 trillion, putting foreign holdings 0.1% below the all-time high of $5.76 trillion it reached in March 2013.
In particular, China's holdings reached record levels, increasing 0.9% to $1.32 billion, and so did Japan, which boosted its holdings by 1% to $1.19 trillion. The two countries are the largest and second-largest foreign buyers of Treasury debt, respectively.
While the leverage this gives these companies bothers many Americans, it actually isn't a bad thing...
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." this morning (Thursday) and discussed why it's vitally important to the U.S. economy that China and Japan keep buying:
Investors can make this one tiny adjustment today to see vastly heightened returns in 2014...
Tags: China and Japan owning U.S. Debt, China and U.S. debt, China owning U.S. debt, U.S. Debt, U.S. EconomyThe post Don't Fear China and Japan Owning More U.S. Debt appeared first on Money Morning - Only the News You Can Profit From.