Foreign holdings of Treasuries climbed to a record high in June
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Britain and Belgium saw the biggest gains in holdings, while India — currently embroiled in a trade battle with the Trump administration — and Ireland posted declines.
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August 17, 2025
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Finance·BondsForeign holdings of Treasuries climbed to a record high in JuneBy Christopher AnsteyBy Ye XieBy BloombergBy Christopher AnsteyBy Ye XieBy Bloomberg The US Treasury building in Washington, DC.Al Drago—Bloomberg via Getty ImagesForeign investor holdings of Treasuries climbed to a record high in June, showcasing sustained overseas demand for US government debt even as a slump in the dollar stoked concerns sentiment toward American assets
Foreign holdings totaled $9.13 trillion for June, up $80.2 billion from May, Treasury Department figures showed Friday
For the first half of the year, foreign holdings went up by $508.1 billion
That was during a period in which one benchmark gauge of the dollar tumbled by almost 11%, the most since 1973
Britain and Belgium saw the biggest gains in holdings, while India — currently embroiled in a trade battle with the Trump administration — and Ireland posted declines
China’s stockpile was little changed
Holdings are affected by net sales or purchases along with shifts in valuation
The Bloomberg US Treasury index advanced in June, after a selloff the previous month
Japan, the biggest holder of Treasuries, saw a $12.6 billion rise in its holdings, to $1.15 trillion, while China’s stockpile — now the third larges, behind the UK — ticked up $100 million $756.4 billion
Belgium, whose holdings include Chinese custodial accounts according to market analysts, saw its stockpile go up by $17.9 billion, to $433.4 billion
Britain’s holdings jumped by $48.7 billion, the most since March 2023, to $858.1 billion
India’s total dropped by $7.9 billion, to $227.4 billion
Overseas holdings of Treasuries have been in focus against a backdrop of concern foreign demand after President Donald Trump slapped tariff increases on the rest of the world
Foreign funds and governments hold over 30% of US Treasuries outstanding
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