10 Oil-Importing Emerging Markets Cut U.S. Treasury Holdings by $86 Billion, Turkey Down 89%
Oil-importing emerging markets reduced U.S. Treasury holdings at the fastest pace in more than a decade in March, with positions across 10 economies falling by $86 billion, the biggest monthly drop since 2011. Turkey’s holdings plunged 89% to $1.8 billion from $16 billion.
The shift has made foreign Treasury ownership more concentrated by region. Europe now accounts for about 37% of foreign-owned U.S. Treasuries, nearly matching Asia’s roughly 39% share, while Asia’s share has fallen by 20 percentage points since 2013. Total foreign Treasury holdings fell by $139 billion in March to $9.35 trillion, with Japan and China also cutting their positions.
From the sources (5 posts)
@globalmktobserv🚨China and Japan's holdings of US Treasuries are plummeting: Foreign holdings of US Treasuries fell −$139 billion in March, to $9.35 trillion, the largest monthly decline since September 2022. Japan, the largest foreign holder, saw it pos
@globalmktobservJapan is dumping US bonds at an alarming pace: Japanese investors posted net sales of $29.6 billion in US Treasuries, agency, and local authority bonds in Q1 2026, the largest quarterly outflow since Q2 2022. TAP IMAGE TO SEE FULL INSIGHT
@firstsquawkOIL-IMPORTING ECONOMIES ARE SELLING U.S. TREASURIES AT THE FASTEST PACE IN OVER A DECADE. U.S. TREASURY HOLDINGS ACROSS 10 OIL-IMPORTING EMERGING MARKETS FELL BY $86 BILLION IN MARCH, THE BIGGEST MONTHLY DROP SINCE 2011.
@firstsquawkTURKEY DUMPED NEARLY ALL OF ITS U.S. TREASURIES IN MARCH. TURKEY’S U.S. TREASURY HOLDINGS PLUNGED 89% IN MARCH, FROM $16 BILLION TO JUST $1.8 BILLION
@firstsquawkFOREIGN DEMAND FOR U.S. TREASURIES IS BECOMING HEAVILY DEPENDENT ON FEWER REGIONS. EUROPE NOW HOLDS ABOUT 37% OF FOREIGN-OWNED U.S. TREASURIES, NEARLY MATCHING ASIA AT AROUND 39%. ASIA’S SHARE HAS FALLEN BY 20 PERCENTAGE POINTS SINCE 2013