China boosts its Treasury holdings in October

WASHINGTON (AP) — China, the biggest buyer of U.S. Treasury securities, has increased its holdings for a fourth straight month.

The Treasury Department says that China’s holdings of Treasury debt rose 2.6 percent in October to $906.8 billion, the highest level in 11 months.

Overall, foreign holdings of Treasury securities rose 1.1 percent to $4.3 trillion. That indicates that other nations still have a strong appetite for Treasury debt even as the U.S. government continues to run $1 trillion-plus annual budget deficits.