- Japan is set to overtake China as America's largest overseas creditor when the U.S. Treasury releases its February investment figures at 4 p.m. in Washington.
- China cut its investment in Treasuries for a fifth month in January, while Japan added $7.7B, narrowing the gap to $1B.
- While the two Asian nations each own almost 10% of the $12.6T in publicly traded U.S. debt, China has held more than Japan since 2008.
- U.S. 10-year treasury yield -3 bps to 1.9%
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