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Foreign holdings of US Treasury debt drop in May

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WASHINGTON (AP) — Foreign demand for U.S. Treasury securities fell for a second consecutive month in May even though China increased its holdings. The Treasury Department said Tuesday that total foreign holdings declined 0.5 percent to $5.68 trillion. That follows a 0.3 percent decline in April. China, the largest buyer of Treasury debt, increased its holdings 2 percent to $1.32 trillion. That...

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