Cha-Ching!

May 20th, 2010

China raised its massive US government debt holdings for the first time in six months in March amid soaring foreign bond purchases on the back of European debt concerns, official data showed Monday.

The Chinese government, the top holder of US government debt, raised its long-term Treasury holdings to 895.2 billion dollars, up 17.7 billion dollars from February, the Treasury Department said in its latest monthly report on global capital flows in the world’s largest economy.

Yay! We owe even more to China now!

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