Foreign Holdings of U.S. Debt at ALL TIME HIGH

The news of America's financial situation continues to be problematic.  On the one hand some would say it is GOOD that foreigners want to buy our IOU's...but on the other hand do we really want so much of our paper owned by folks who don't have our best interests in mind?

Also the words, ALL TIME HIGH are...interesting.

Foreign holdings of U.S. debt at all-time high

WASHINGTON (AP) — Foreign demand for U.S. Treasury securities rose to a record level in February, indicating that international investors remain confident in U.S. debt despite the continual budget wrangling in Washington.

The Treasury Department said Monday that foreign holdings of U.S. Treasury securities increased 0.3% in February from January to a record $5.66 trillion. It was the 14th straight monthly increase.

The increase left total holdings 10.8% higher than a year ago. Of total foreign holdings, 72% is owned by foreign governments, including foreign central banks.

China, top foreign owner of U.S. Treasury debt, increased its holdings 0.7% to $1.22 trillion. Japan, second-larger holder, trimmed its holdings 0.6% to $1.1 trillion.

Here;  http://www.usatoday.com/story/money/business/2013/04/15/foreign-holdings-us-debt/2083855/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29