India’s Holdings of US Government Securities Reached Record High
In February, India’s holdings of US government securities reached 177.5 billion USD- an increase of 33.2 billion USD in one year.
Top Countries Holding US Government Securities
The US Treasury Department had released data on foreign holdings of its government securities on a country-wise basis. Japan is the largest holder of its securities (1.268 trillion USD). China is the second largest holder (1.092 trillion USD). Other large holders are UK, Brazil, Ireland, Luxembourg, Hong Kong, Switzerland etc.
Holdings in India
India is the 13th largest holder of US government securities. In January, India held 164.3 billion USD worth of these securities. In February, India’s holdings reached 177.5 billion USD- an increase of 33.2 billion USD in one year.
US Government Securities
The US Government Security became one of the preferred routes for investment after the late 1970s collapse of the Bretton Woods System or the Gold Standard. US Dollars and treasury bills are considered the safest class of assets for investment by the central banks despite their low returns.