U.S. ABS Gaining in Popularity Among Foreign Investors

The February 28 Treasury Preliminary Report of Foreign Portfolio Holdings compares June 30 2021 data with the same date in 2020 and breaking out ABS holdings at $1.56 trillion, up from $1.489 trillion in 2020. Asian residents in Japan, Taiwan, and China held $332 billion, $245 billion, and $217 billion respectively. Tax haven Cayman Islands held another $139 billion. The final report is expected to be released April 29.

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