US Treasury Holdings in September 2023: Japan Buys, UK Sells

Thursday Nov 20 2025 00:00

Duration

2 min

  1. 1. Article Summary

  2. 2. US Treasury Holdings in September: A Closer Look

  3. 3. Japan Raises Holdings to Highest Level Since 2022

  4. 4. UK Reduces Holdings Significantly

  5. 5. Slight Change in China's Holdings

  6. 6. Attractiveness of US Assets Remains Strong

Article Summary

  • Overview of foreign investor holdings of US Treasury securities in September 2023.
  • Japan increases holdings to a three-year high.
  • The United Kingdom reduces its holdings.
  • China: Slight change in holdings.
  • Analysis of continued attractiveness of US assets.

US Treasury Holdings in September: A Closer Look

After hitting a record high in August, foreign investor holdings of US Treasury securities saw a slight dip in September, with notable divergence in the behavior of different countries. While the UK trimmed its exposure, Japan boosted its holdings to the highest level in over three years. Total foreign holdings of US Treasury securities stood at $9.25 trillion in September, a slight decrease from $9.26 trillion in August. These changes are influenced by net buying and selling activity, as well as asset valuation. The Bloomberg US Treasury Index saw gains in both August and September.

Japan Raises Holdings to Highest Level Since 2022

Japan, the largest foreign holder of US Treasuries, increased its holdings by $8.9 billion to $1.19 trillion, the highest since August 2022. "The move that has my attention is Japan," said Lee Ferridge, a strategist at State Street. "The increase in US Treasury holdings may be a factor in the continued weakness of the yen, and may also suggest that Japanese investors remain cautious about Japanese government bonds despite rising domestic yields." In recent months, the yen has steadily weakened against the US dollar, falling to its lowest level since February on Tuesday. It is also the worst-performing currency among the G10 this year.

UK Reduces Holdings Significantly

In contrast, the UK, the second-largest foreign holder of US Treasuries, reduced its holdings by $39.3 billion to $865 billion.

Slight Change in China's Holdings

China, the third-largest foreign holder, slightly reduced its holdings by $0.5 billion to $700.5 billion. Analysts point out that Belgium's holdings include Chinese custody accounts, and Belgium's holdings increased by $12.5 billion to $466.8 billion.

Attractiveness of US Assets Remains Strong

"I still don’t see signs of foreign investors exiting US assets," said Alex Cohen, a strategist at Bank of America. "US assets remain an attractive investment destination."

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Ava Grace

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all
brent crude oil

Thursday, 13 August 2026

Duration

5 min

Oil Prices Tumble: Demand and Inventory Build
gold-trading

Wednesday, 12 August 2026

Duration

7 min

Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
tsmc-stock

Wednesday, 12 August 2026

Duration

7 min

TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector

Latest news

gold

Thursday, 13 August 2026

Indices

Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens

sandisk-stock

Thursday, 13 August 2026

Indices

SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%

kospi

Thursday, 13 August 2026

Indices

KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%

Thursday, 13 August 2026

Indices

EUR/USD Holds Near 1.1535 as Flat US PPI Supports Fed Pause Bets

gold rate in dubai

Thursday, 13 August 2026

Indices

Gold Rate in Dubai Today Falls as Global Bullion Prices Retreat

brent crude oil

Thursday, 13 August 2026

Indices

Oil Prices Tumble: Demand and Inventory Build

gold-trading

Wednesday, 12 August 2026

Indices

Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets

tsmc-stock

Wednesday, 12 August 2026

Indices

TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector

WTI vs Brent Crude Oil

Wednesday, 12 August 2026

Indices

Oil Prices Fall Over 1% as OPEC and IEA Cut 2026 Demand Forecasts

bank-of-japan

Wednesday, 12 August 2026

Indices

USD/JPY forecast: Rate gap limits impact of US and Japanese intervention

See all news