China increases holdings of US Treasury securities

WASHINGTON?- China, the biggest buyer of US Treasury debt, boosted its holdings in April, the first increase after five straight declines.

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The US Treasury Department says China increased its holdings by $7.6 billion to $1.15 trillion.

Total foreign holdings of Treasury securities rose 0.2 percent to $4.49 trillion.

Japan, the second largest buyer of US debt, trimmed its holdings slightly by $1 billion to $906.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to sharply reduce its purchases to use the money for reconstruction.