UK Overtakes China as Second-Largest US Treasury Holder

China cuts US Treasury stockpile, dropping to No 3 spot among foreign holders

Britain takes China’s place as America’s second-biggest overseas creditor as Beijing pushes to diversify foreign exchange reserves.

UK overtakes China as second-largest US Treasury holder

Fall in recorded Chinese holdings highlights Beijing’s push to diversify its reserves away from America

China Drops to No. 3 Holder of Treasuries, Falling Behind UK

China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner.

UK overtakes China as second-biggest holder of US Treasurys with $780 billion

The UK now holds $779.3 billion in US Treasurys, pushing past China’s $759.0 billion and taking second place among foreign holders of American government debt, according to the March update from the US Department of the Treasury’s Major Foreign Holders of Treasury Securities table released on Friday.  While China and Japan relied heavily on trade surpluses and currency strategies, the UK’s rise is tied more to the City of London’s role as a midd…