Foreign holdings of US Treasury bonds hit a record high, with Japan leading the list

Foreign holdings of US Treasury bonds hit a record high, with Japan leading the list

Foreign holdings of US Treasury securities hit a record high  The US Treasury Department announced that foreign holdings of US Treasury securities rose to $9.355 trillion in November, their highest level ever. This increase followed two consecutive months of declines and reflects improved market sentiment after the end of the longest federal government shutdown in history. Japan remained the largest holder of US Treasury securities, with holdings of $1.202 trillion in November. This increase has continued for 11 months and reflects Japan's confidence in the US economy. The UK increased its holdings to $888.5 billion, and Canada's holdings rose by 13% to $472.2 billion. In contrast, China reduced its holdings to $682.6 billion, its lowest level since September 2008. China is seeking to reduce its reliance on US Treasury bonds and increase its reliance on gold and other currencies. This move reflects China's strategy to lessen its dependence on the US dollar and strengthen its …