[Foreign Holdings of U.S. Treasury Bonds Decline in March, China's Holdings Hit Lowest Level Since 2008] According to a report by Jinse Finance on May 19, data from the U.S. Treasury Department shows that foreign holdings of U.S. Treasury bonds declined in March, with Japan and China leading the reductions. The total foreign holdings of U.S. Treasury bonds fell by 1.5% from February's record high of $9.487 trillion to $9.348 trillion, though this still represents a 3.3% increase compared to the same period last year. Japan's holdings dropped to $1.1916 trillion, a nearly 4% decrease from February, but it remains the largest foreign holder of U.S. Treasury bonds. China's holdings fell by 6% to $652.3 billion, marking the lowest level since September 2008. Although China remains the third-largest foreign holder of U.S. Treasury bonds, its holdings have declined by more than 14% since early 2025. The United Kingdom's holdings of U.S. Treasury bonds in March stood at $926.9 billion, up from $897.3 billion in February.