Russia increased investments in U.S Treasury bonds
In May 2016, Russia increased investments in U.S. Treasuries for the first time in four months. The investments went up by $5.7 billion to $88.2 billion, Finmarket reported, quoting the results of a survey by the United States Department of the Treasury and the U.S. Federal Reserve System. In April, Russia had reduced investments in the U.S. Treasuries by $3.5 billion. Russia is ranked tenth in the list of largest U.S. creditors.
However, China remains the largest holder of U.S. Treasuries. In May, the volume of investments owned by the People’s Republic of China made $1.244 trillion, increasing by $1.2 billion. Japan is second place in investments. They reduced theirs by $9.6 billion to $1.113 trillion. The Cayman Islands took third place with a figure of $260.2 billion, followed by Ireland ($259.8 billion) and Brazil ($249.5 billion).
The total volume of non-residents’ investments in U.S. Treasuries decreased from $6.239 trillion in April to $6.208 trillion in May.