Foreign holdings of US Treasuries in July down for 2nd straight month, data shows

USA-TREASURY/SECURITIES:Foreign holdings of US Treasuries in July down for 2nd straight month, data shows

Sept 16 - Foreign holdings of U.S. Treasuries declined for a second straight month in July, data from the Treasury Department showed on Wednesday, led by declines in holdings from Japan and China.

Holdings of U.S. Treasuries slid to $9.248 trillion in July from $9.298 trillion in the previous month. But compared with a year earlier, Treasuries owned by foreigners were up 1.5%.

* Japan holdings fell to $1.104 trillion in July, down 1.1% from $1.117 trillion in June. Its holdings dropped for a third straight month. It remained, however, the biggest non-U.S. holder of U.S. Treasuries, with holdings hitting a peak of $1.325 trillion in November 2021.

* The United Kingdom, the second-largest foreign holder of Treasuries, showed a 6.2% increase in holdings to $998.3 billion in July from $939.9 billion the previous month. The UK is widely viewed as a major custody hub for global investors and its flows are often considered as a proxy for hedge fund positioning.

* China's hoard of Treasuries dropped 2.4% to $618 billion in July from $633.4 billion in June, falling for second consecutive month. China's holdings in July were the lowest since September 2008, when these tumbled to $618.2 billion.

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