UK moves closer to Japan amid US bond sell-off
Foreign holdings of U.S. Treasury bonds declined to their lowest level in nine months during July, dropping by more than $50.4 billion on a monthly basis to reach $9.25 trillion. Japan remains the largest holder of U.S. securities, despite reducing its holdings by approximately $12.8 billion to $1.1 trillion. The United Kingdom, on the other hand, increased its investments by $58.4 billion, approaching the one-trillion-dollar mark, with holdings reaching $998.3 billion. Conversely, China decreased its holdings by about $15.4 billion to $618 billion. France and Canada also reduced their holdings by approximately $41.5 billion and $33.3 billion, respectively.
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