Foreign holdings of U.S. Treasuries soared to an all-time high in March as demand for U.S. government debt continues to climb since President Donald Trump took office.
Data released Friday by the U.S. Department of the Treasury shows that foreign holdings of U.S. Treasuries rose for a third straight month to $9.05 trillion in March, up more than $233 billion from $8.81 trillion in February. Compared to the same period last year, Treasuries owned by foreign countries and investors rose nearly 12 percent.
Notably, China’s treasury holdings fell below those of the United Kingdom for the first time since 2000.
The March data show China’s stockpile dropped to $765 billion, down from $784 billion in February. Meanwhile, British investors increased their holdings by nearly $30 billion, reaching $779 billion to overtake China as the United States’ second-biggest foreign creditor….