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    Russia is buying up US debt

    Updated: May 22, 2017 at 6:59 am EST  See Comments

    CNN — In March, the country bought $13.5 billion of US government bonds — better known as “Treasury securities.” Russia’s total holdings of US debt have now increased to nearly $100 billion, according to recently released Treasury Department data.

    It’s the third straight month of buying from Russia.

    A key reason is that Russia is restocking its foreign reserves, which declined dramatically when oil prices crashed last year to their lowers level since 2003.

    Foreign reserves are the cushion a country builds up to weather a rainy day.


    The remainder of this article is available in its entirety at CNN

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