Overview
- Foreign holdings of U.S. Treasuries climbed to $9.045 trillion in May, extending their stay above the $9 trillion mark for a third consecutive month.
- Net purchases of U.S. debt by overseas investors reached $146 billion, the largest monthly inflow since August 2022 after a $40.8 billion outflow in April.
- China trimmed its Treasury holdings to $756.3 billion, the lowest level since February 2009, as Beijing sells debt to support the yuan amid slower export growth.
- Japan maintained its position as the top non-U.S. creditor with a record $1.135 trillion stake, while UK investors’ holdings surged to $809.4 billion, overtaking China.
- Foreign equity inflows rebounded with $114.3 billion invested in U.S. stocks, helping drive total net capital inflow to $311.1 billion, the largest since September 2024.