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BREAKING: Foreign demand for U.S. Treasuries surged in January, rising +$34.8B to $9.3T—the second-highest level on record. Japan, the top holder, added +$39.8B, bringing its total to $1.2T—the highest since July 2022. The U.K., the second-largest holder, increased its position by +$29.3B to $895.3B, the third-highest level ever. China, ranked third, boosted holdings by +$10.9B to $694.4B—the highest since September. Meanwhile, European Union holdings climbed +$8.0B to $2.1T. Foreign ownership of U.S. debt is now at near-record highs.

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