Savings Account & MMA Rates
CD (Certificate of Deposit) RatesForeigners are still the biggest buyers of U.S. debt, scooping up $198 billion worth of Treasury-issued securities during the first quarter of the year.
But Fortune magazine says U.S. households poured $147 billion into Treasury bonds and bills between January and March of 2010.
That left Americans holding $796 billion worth of federal debt — the most since 1999. It also pushed U.S. households past Japan, to become the second biggest holder of Treasury debt.
Although China still holds more — $895 billion worth — these trends indicate “too much has been made of China’s role in financing U.S. spending,” Fortune says. “After all, there has been no shortage of domestic demand for bonds lately.”
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