China cuts holdings of US Treasurys for 5th month

[The Northerner]

WASHINGTON (AP) -- China, the biggest buyer of U.S. securities, trimmed its holdings for a fifth straight month.

The Treasury Department said on Monday that China cut its holdings by $9.2 billion to $1.14 trillion.

Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction.

Britain, the third-largest buyer, increased its holdings by 10 percent to $325.2 billion in March.

Read more: http://finance.yahoo.com/news/China-cuts-holdings-of-US-apf-2797288222.html?x=0&.v=3