Falling offshore T-bond holdings highlight U.S. cash repatriation

In low-tax jurisdictions from Ireland to the Bahamas, the stock of Treasury bond holdings is down $22 billion (£17.32 billion) this year in a sign U.S. companies are repatriating cash held offshore after changes to how foreign earnings are taxed.Over the years, U.S. multinationals have accumulated an estimated $3 trillion (£2.36 trillion) in worldwide profits offshore, held in cash as well as securities including U.S. Treasuries.This is the result of a rule under the previous tax reg