In June 2025, foreign official institutions drove a $80 billion net inflow into U.S. Treasuries, with the U.K. recording the largest one-month increase among major holders.

Data and Financial Journalist
In June 2025, foreign official institutions drove a $80 billion net inflow into U.S. Treasuries, with the U.K. recording the largest one-month increase among major holders.
Despite sanctions, Russia’s crude oil exports remain steady. Trade flows have pivoted from Europe to Asia, with China and India now the top buyers. India’s growing imports—and its refusal to join Western sanctions—have triggered steep new U.S. tariffs.
U.S. trade deficit shrank to $60.2B in June 2025, the lowest since Sept. 2023, driven by falling imports and rising tariff uncertainty.
Canada’s rapid shift in foreign investment, China’s retreat, and the strong demand from Gulf and European nations capture the shifting alliances and risk appetites. Through 3 charts, I explain who holds America’s IOUs in a time of high deficits and global uncertainty —and how quickly that’s changing.