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Foreign holdings of US Treasury increase

Wednesday - 3/19/2014, 12:10am  ET

FILE - In this Tuesday, Feb. 4, 2014, file photo, A currency trader watches monitors at the Korea Exchange Bank headquarters in Seoul, South Korea. The Treasury Department reports how much foreign buyers adjusted their holdings of U.S. debt in January on Tuesday, March 18, 2014. (AP Photo/Ahn Young-joon, File)

AP Economics Writer

WASHINGTON (AP) -- Foreign buyers of U.S. Treasury securities increased their holdings in January to another record high.

The Treasury Department says total foreign holdings rose to $5.83 trillion, up 0.5 percent from December when holdings had risen 1.5 percent to $5.80 trillion, the previous record.

China, the largest foreign buyer of Treasury debt, increased its holdings by 0.3 percent to $1.27 trillion after they had fallen 3.5 percent in December. Japan, the second-largest buyer, increased its holdings 1.6 percent to $1.2 trillion.

The government initially released a report that showed total holdings declining in January, but a few hours later released a corrected version with changes to the overall and individual country figures.

Foreign demand for U.S. Treasury securities is expected to remain strong this year.

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