To: MythMan who wrote (425535 ) 1/16/2014 8:08:01 PM From: Broken_Clock Respond to of 436258 Maybe the Asians are trying to prop up their clownish gold holdings. -g- Japan and China hold a record amount of U.S. Treasurys January 16, 2014, 5:49 PM Japan and China accumulated record amounts of U.S. Treasurys in November, a sign that demand for the haven U.S. debt among those economic giants remains robust even as interest rates rise. Treasury International Capital data on Thursday showed that Chinese holdings of Treasurys increased by $12.2 billion in November, following a $10.7 billion gain the prior month . That brought total holdings to a record $1.32 trillion, according to The Wall Street Journal . ReutersHong Kong Stock Exchange Japanese holdings of Treasurys advanced by $12.0 billion, after declining by $3.7 billion in October. Japan’s debt holdings totaled a record $1.19 trillion, according to The Journal. As benchmark interest rates rise, the question is whether foreign demand for U.S. debt will hold up. If so, it could help cap the rise in rates. The 10-year Treasury note 10_YEAR yield traded at 2.84% on Thursday. But while Japan and China increased holdings, foreign accounts were sellers on the whole. Foreign official accounts bought $10.2 billion of Treasurys while private buyers sold $13.6 billion, resulting in $3.4 billion worth of sales, according to calculations by Gennadiy Goldberg, U.S. strategist at TD Securities, based on monthly transactions data. “Fixed income securities generally saw better selling across the board in November as investors likely took profits after the rally following the September ‘no taper’ decision,” he said in a note. Caribbean nations sold a record $39.4 billion of Treasurys, according to research by Dominic Konstam, research analyst at Deutsche Bank. That’s a proxy for hedge funds which are domiciled there. Looking at all U.S. securities, foreigners sold a total of $29.3 billion in November, reversing net buying of $28.7 billion in October.