November 19, 2025 — Newly released figures from the U.S. Treasury Department show that foreign holdings of U.S. Treasury securities edged down in September, signaling mild adjustments in global investment flows. Total foreign-owned U.S. Treasury bonds reached $9.249 trillion, a slight decrease from $9.262 trillion recorded in August.
Japan continued to strengthen its position as the largest foreign creditor of the United States. Its holdings climbed by $8.9 billion, bringing the total to $1.189 trillion in September. The increase underscores Japan’s ongoing preference for U.S. government debt amid global economic uncertainties.
Taiwan also boosted its exposure to U.S. Treasuries. Its holdings rose by $900 million, reaching approximately $312.6 billion, keeping it in 10th place among all foreign holders.
In data reflecting rankings for July 2025, the United Kingdom held the second-largest amount at $865 billion, followed by China with $700.5 billion. Canada and Belgium rounded out the top five with $475.8 billion and $466.8 billion, respectively.
Additional rankings revealed that the Cayman Islands, Luxembourg, France, and Ireland occupied the 6th through 9th spots, all with holdings between $340 billion and $427 billion. Taiwan closed out the top 10.
Countries and regions placed 11th to 15th included Switzerland ($302.1 billion), Singapore ($259.9 billion), Hong Kong ($238.1 billion), Norway ($215.9 billion), and India ($202.7 billion), reflecting steady participation from global financial hubs and emerging markets.