US government bond holdings in China fall to 18-year low

According to data published by the US Treasury Department, US government bonds in China's reserves decreased by 27.3 billion dollars in August compared to the previous month, reaching 590.7 billion dollars.

The assets of China, which is the 3rd country with the most US debt in its reserves, fell to its lowest level since August 2008, when it was recorded at 573.7 billion dollars.

US government bonds in foreign countries' reserves increased from $9.25 trillion in July to $9.33 trillion in August.

Japan, which has the most US debt in its reserves, sold $35.6 billion, reducing its assets to $1.07 trillion.

England bought while Japan and China sold

Despite the sales from Japan and China, US bonds largely maintained their volume with the purchases of the UK.

The UK, which is the 2nd country with the most US debt in its reserves, purchased US bonds worth 180 billion dollars in August, increasing its assets to 1.01 trillion dollars.

Belgium, ranked 4th, increased its assets to 490.5 billion dollars with a purchase of $19.8 billion, and Canada, ranked 5th, increased its assets to $464.6 billion with a purchase of $38.3 billion.

The cost of US bonds has increased recently due to concerns about the sustainability of Washington's rising debt. While the country's total debt reached 40 trillion dollars in August, the yield on the 30-year government bond exceeded 5 percent.