China's US Treasury holdings fell for the first time in 8 months in September

The latest data from the US Treasury Department show China's holdings of the US treasury securities dropped for the first time in eight months in September, but still remain the largest holder of securities.

Key points (source: Reuters)

China cut its US treasury holdings by $19.7 billion in September, with the total holdings down to $1.18 trillion.

Japan reduced its holdings by $5.7 billion to $1.096 trillion.

Overall foreign holdings of US Treasury securities rose to $6.3235 trillion from August's $6.2698 trillion.