China once again became the largest foreign creditor of the United States

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China outstripped Japan and became the largest foreign creditor of the U.S. government, possibly using the weakening dollar against the backdrop of rising Fed interest rates.

China's investment in U.S. government bonds in June reached $ 1.147 trillion - the maximum since September, when the index was $ 1.157 trillion. Chinese currency reserves in July reached a nine-month peak at $ 3,081 trillion.

The increase in investments in Treasury bonds may reflect a motivation for buying dollar-denominated assets against the backdrop of rising interest rates in the U.S.

Before the return of China to the first place, the leading foreign creditor of the United States for eight months was Japan.

In June, Japan's investment in the U.S. national debt was $ 1.091 trillion compared with $ 1.111 trillion in May. The decrease in the volume of investments in Japan has become the highest since November.

Ireland ranks third with an investment of $ 302.5 billion in June, compared to $ 295.8 billion in May.

The volume of investment in Russia amounted to $ 102.9 billion in June, compared with $ 108.7 billion in May.

In general, foreign investors in June bought U.S. Treasury bonds worth $ 19.73 billion compared to $ 46.37 billion in May. The value became the maximum since June 2015.