world order

Foreign Demand is no longer keeping up with USA's Growing Debt

10-July-2026 by east is rising 1

Foreign official holdings of US Treasuries are down to 12.5% of total Treasuries outstanding, the lowest this century.

This percentage has declined -24 points since the 2009 peak.

Over this period, marketable US Treasury debt has surged +$23 trillion, or +379%, to $29.1 trillion, near an all-time high.

At the same time, US Treasuries held by foreign government entities have increased by just +$1.5 trillion, or +63%, to ~$3.9 trillion.

China's Treasury holdings have more than halved, to $651.1 billion, the lowest since September 2008.

The US is issuing record levels of debt.

Author: Saikat Bhattacharya


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