The chart below shows the flow of foreign dollars into U.S. Treasury securities from April 1970 through July 2025 (the most recent data). As you can see, the figures have climbed to a new high of almost $9.2 trillion…
Based on recent data from the U.S. Treasury Department, the narrative has changed. Over the past couple of months, foreign holdings have surged to new records. And if domestic rate cuts and global political turmoil persist, they’ll likely drive even more demand for U.S. Treasurys.