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.
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.
Foreign investors held $8.8 trillion in U.S. Treasuries as of February 2025—a 10.2% increase from a year earlier, according to the recent U.S. Treasury data. Japan, China, and the U.K. remain the top holders of U.S. debt. Two charts show the major foreign holders as the national debt hits $36.1 trillion.