The prospects are increasing for Japan to topple China as the biggest Treasury bond owner. Japan's holdings in Sept rose by $7.9 billion, while China's ticked up by only $3 million. Japan is now only $24.8 billion behind China in terms of the value of total Treasury bond holdings, a plunge compared to a gap of $286.3 billion a year ago. Meanwhile, Switzerland continued to diversify its euros into Treasury bonds. It added $4.1 billion in Sept, the fifth-straight month that it boosted Treasury holdings.
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