CC BY 2.0 / Ryan McFarland / $10 and the US Treasury
In October, Russia’s holdings of US Treasuries continued to grow for a third month in a row. In October, the Russian share in US Treasuries grew by $210m. In September – by $322m. In August – by $5m. Thus, the total increase was $537m.
In comparison, China’s holdings of US Treasuries fell to the lowest in a year-and-a-half. According to data from the Treasury Department, China’s holdings of notes, bills and bonds dropped for a fifth straight month to $1.14 trillion in October, from $1.15 trillion in September. The second US dept collector, Japan, also dropped its share in 2018 reaching the number of $1.02 trillion.
Considering the current trend, it remains unclear why the economic bloc of the Russian government has decided to increase the state’s share in US Treasuries and what goals it is pursuing.
