China's holdings of US Treasury bonds hit a new low since 2009

According to the website of Taiwan's "Wangbao" on December 20th, the US Treasury Department has released the International Capital Flows Report (TIC) for October 2024. The latest data shows that in October 2024, the total amount of US treasury bond bonds held by overseas markets fell from US $8.67 trillion in September to about US $8.6 trillion, a new low. Except for Japan and China, as many as seven of the top ten overseas "creditors" of the United States chose to reduce their holdings of US bonds in the same month

Among them, China's holdings of US treasury bond fell to 760.1 billion US dollars, the lowest level since 2009; And Japan's holdings have also dropped to $1.103 trillion. It is worth noting that Japan is still the largest overseas holder of US treasury bond bonds

On December 20, Russia's Sputnik News Agency reported that the U.S. Treasury Department reported that China, the second largest overseas "creditor" of the United States, reduced its U.S. debt holdings by $11.9 billion month on month, to $760.1 billion, the fourth consecutive month

According to reports, China's holdings of US Treasury bonds have been consistently below $1 trillion since April 2022

In addition, the report shows that the wave of reducing holdings of US bonds is beginning to spread. In September, only Japan and China reduced their holdings among the top ten overseas "creditors" of the United States, while in October, as many as seven "creditors" chose to reduce their holdings, including the United Kingdom, the Cayman Islands, Canada, Belgium, and Switzerland, in addition to Japan and China