Both domestic and foreign investors are buying this debt, with foreign investors holding a record $9.4 trillion in US Treasuries, according to visualcapitalist.com. While US debt is profitable due to its currently high yields, some countries, such as China, have been selling their US Treasuries. The United Kingdom led these purchases, with almost $122 billion (+16% annually), followed by Belgium ($119.7 billion; +33%) and Japan ($115.5 billion; +11%). China's total gold reserves now stand at a record 2,308 tons, according to the source. China's holdings of U.S. debt peaked in 2013, and their continued decline is due to Beijing's reduction in financial dependence on the United States.

Source: Economic Times February 22, 2026 22:01 UTC