The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department figures showed Friday.
China was the top holder of Treasuries as recently as 2019, when Japan overtook it. The latest data show the UK surpassed China for the first time in more than two decades, according to data compiled by Bloomberg.
More broadly, Friday’s release showed that, at least as of March, there was no revolt against American government securities.
Foreign demand has been a point of discussion in the bond market since President Donald Trump mounted an aggressive tariff-hiking campaign and repeatedly accused US economic partners of having “ripped off” the nation. His April 2 “Liberation…
