Foreign governments and central banks hold U.S. Treasuries as reserves. A large and stable holding implies confidence in the safety and liquidity of U.S. debt and the U.S. dollar.
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As of February 2025, foreign holdings of U.S. Treasury securities reached a record $8.82 trillion, marking a $290 billion increase from the previous month.
As reference, the U.S. federal debt held by the public stands at approximately *$29 trillion
This surge was primarily driven by significant purchases from Canada, Japan, and China.
- Japan remains the largest foreign holder, with its holdings increasing by $46.6 billion to $1.13 trillion, the highest level since April 2024.
- China’s holdings rose by $23.5 billion to $784.3 billion, reflecting a shift toward short-term Treasuries amid ongoing trade tensions.
- The United Kingdom’s holdings also grew, reaching $750.3 billion.
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html
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