Foreign Holdings of US Debt Declines as China Continues Dumping Treasury Securities

More financial centers, like Switzerland and Luxembourg, follow Beijing.

Department of Treasury building in Washington, on April 10, 2023. Madalina Vasiliu/The Epoch Times

Foreign holdings of U.S. Treasury securities extended their decline as China and several other countries reduced their exposure to government debt, new data show.

According to the Treasury Department, global holdings of U.S. bonds slipped 0.5 percent, to $7.565 trillion in October, down from $7.604 trillion in September. This was the second straight month that foreign investors dumped Treasurys. However, compared to the same time a year ago, foreign holdings are up about 6 percent.