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Foreigners Less Keen on U.S. Assets in August: U.S. Treasury

US Treasury Building

(Reuters) – Foreigners soured on long-term U.S. securities in August, shedding both stocks and government bonds, and China’s Treasury holdings fell to a six-month low, U.S. Treasury data showed on Tuesday.

Overseas holdings of long-term U.S. securities decreased by $8.9 billion in August. Those holdings had increased by $30.9 billion in July.

Foreign Treasuries’ holdings fell by $10.8 billion in August. China, the largest foreign U.S. creditor, saw its holdings decline $11.2 billion to $1.268 trillion.

The decline came a month before the Federal Reserve decided not to slow its massive monetary stimulus, which includes monthly purchases of government and mortgage-backed bonds.

Foreigners soured on long-term U.S. securities in August, shedding both stocks and government bonds.

China’s Treasury purchases have slowed in recent years, a trend that is likely to continue, said BNY Mellon currency strategist Michael Woolfolk.

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