By Martin Crutsinger
Washington Post Staff Writer
Tuesday, May 18, 2010
China boosted its
holdings of U.S. Treasury debt for the first time in six months, U.S. officials said Monday. That development could ease concerns that lagging foreign demand will force the United States to pay higher interest rates to finance its debt.
The Treasury Department said that China's holdings of U.S. Treasury securities rose 2 percent in March, to $895 billion, the first increase since last September.