July 17, 2018 / 8:05 PM / 5 months ago

China, Japan add U.S. Treasuries holdings in May -data

NEW YORK, July 17 (Reuters) - China and Japan increased their holdings of U.S. government debt in May, as foreign purchases of Treasuries rose for the first time in three months while benchmark 10-year yield hit a near seven-year peak, data from the Treasury Department showed on Tuesday.

Overseas investors bought $26.7 billion in Treasuries in May, compared with $4.78 billion in sales in April.

China’s holdings of Treasuries edged to $1.183 trillion from $1.182 trillion in April, while Japan’s ownership of Treasuries increased to $1.049 trillion from $1.031 trillion in April, which was the lowest level since October 2011.

China and Japan are the two biggest foreign holders of U.S. government securities.

Meanwhile, foreign investors dumped $26.58 billion in domestic equities in May, which was their biggest monthly sale in stocks since $32.17 billion in outflows in September 2015, Treasury data showed.

On the other hand, they purchased corporate bonds for a fourth straight month, adding $4.98 billion in May.

Overall, overseas investors bought $69.9 billion in U.S. assets in May, down from $233.1 billion in April.

Reporting by Richard Leong Editing by Susan Thomas

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