The Kobeissi Letter|10月 21, 2026 18:39
BREAKING: Foreign holdings of US Treasuries jumped +$83 billion in August, to $9.33 trillion, their 6th-highest total on record.
The surge was driven by Canada, which raised its holdings by +$38 billion, to $465 billion, its 4th-highest on record.
This was followed by Belgium, which increased its holdings by +$20 billion, to a record $491 billion.
The UK, the 2nd-largest holder, raised its holdings by +$11 billion, to a record $1.01 trillion.
Meanwhile, Japan, the largest foreign holder, cut its holdings by -$36 billion, to $1.07 trillion, its lowest since November 2024.
China, the 3rd-largest holder, reduced its holdings by -$27 billion, to $591 billion, its lowest level since August 2008.
Foreign holdings of US Treasuries are rising despite continued selling in Japan and China.
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