Much has been said about China buying up US debt. China has accumulated the most US debt followed by Japan. But Caribbean countries? Luxembourg? They are in there among the top 10 debt holders.
You can see that for yourself in the most recent Treasury International Capital report.
According to the report, the grouping known as the Caribbean Banking Centers holds $189.7 billion worth of Treasury securities. That group takes in the Cayman Islands, home to US hedge funds and investment vehicles. It's hardly surprising that group is the fifth biggest holder of US Treasury Securities.
It's also not surprising that Luxembourg comes in at number eight, holding $104.2 billion worth of Treasury securities. According to its web site, Luxembourg has established itself as financial center because of its tax laws and legal regime, basically offering financial services companies a lot more leniency.
The question is whether the selling of US debt is sustainable in the long term.
US focusing on cutting back debt levels during the recession. hence employments have reduced to 9.7% .
Great information o US debt , its shocking that Luxembourg comes in at number eight, holding $104.2 billion worth of Treasury securities