Edward Conard

Top Ten New York Times Bestselling Author

  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “Unintended Consequences represents the most cogent and persuasive analysis of the Financial Crisis to date.” - Andrei Shleifer, 1999 John Bates Clark Medal Winner
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
Upside of Inequality Oxford Unintended Consequences

AI Summary. Foreign holdings of US Treasuries rose $112.8bn to a record $9.36tn, a figure reflecting both net purchases and valuation changes, according to US Treasury Department data. Increases in Norwegian, Canadian and Saudi holdings offset a $6.1bn decline in China's stockpile to $682.6bn, its lowest since 2008.

Chris Anstey and Anya Andrianova Bloomberg
Date Posted:
Is Database:
Database

Foreign holdings of Treasuries hit a record high of $9.36T in November. Official Chinese holdings of Treasuries dropped $6.1B. However, holdings in Belgium – which include Chinese custodial accounts – rose $12.6B.

Are foreign holdings of US Treasuries rising to record levels?

Core argument: Foreign holdings of US Treasuries rose $112.8 billion in November to a record $9.36 trillion, a figure that reflects both net sales and valuation changes, according to Treasury Department data.

Overseas holdings of US Treasuries advanced in November to the highest level on record, with increases in Norwegian, Canadian and Saudi Arabian stockpiles helping offset another monthly drop in China’s total. Overall foreign holdings rose by $112.8 billion, to $9.36 trillion, Treasury Department data showed on Thursday. The figure represents both net sales and valuation changes. A Bloomberg index of the US Treasury market showed a fourth straight monthly advance for November. China’s stockpile of Treasuries, the third largest, dropped by $6.1 billion in November from the previous month, to $682.6 — the lowest level since 2008. Belgium, whose holdings include Chinese custodial accounts according to market analysts, saw its holdings go up by $12.6 billion, to $481 billion.

Takeaways by Macro Roundup® AI

  1. Foreign holdings of US Treasuries rose $112.8 billion in November to a record $9.36 trillion, a figure that reflects both net sales and valuation changes, according to Treasury Department data.
  2. China's Treasury holdings, the third largest, fell $6.1 billion in November to $682.6 billion, the lowest level since 2008, while increases in Norwegian, Canadian and Saudi Arabian stockpiles helped offset the decline.
  3. Belgium, whose holdings include Chinese custodial accounts according to market analysts, increased its Treasury holdings by $12.6 billion to $481 billion in November.

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