October 16, 2019 / 8:16 PM / a month ago

Foreigners sell U.S. Treasuries in August; China cuts holdings -data

NEW YORK, Oct 16 (Reuters) - Foreigners sold U.S. Treasuries in August after making net purchases the previous month, according to U.S. Treasury department data released on Wednesday.

Foreign outflows of U.S. Treasuries totaled $30.508 billion in August, compared with an inflow of $10.954 billion in July.

In the midst of escalating trade tensions China, the world’s second largest economy, reduced holdings of U.S. Treasuries for a second straight month. China held $1.103 trillion of Treasuries in August, down from $1.110 trillion in July.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Richard Chang

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