Foreign Holdings of US Treasurys Reach All-Time High in March

The UK overtook China as the United States’ second-biggest foreign creditor.

The U.S. Treasury Department building at dusk in Washington on June 6, 2019. Patrick Semansky/AP Photo

Foreign holdings of U.S. Treasurys 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 on May 16 by the U.S. Department of the Treasury show that foreign holdings of U.S. Treasurys rose for a third straight month, to $9.05 trillion in March, up from $8.81 trillion in February. Compared with the same period last year, Treasurys owned by foreign countries and investors rose by nearly 12 percent.