Data released by the US Treasury Department on May 16, local time shows that in March 2025, among the top three foreign creditors of US debt, Japan and the United Kingdom increased their holdings of US Treasury bonds, while China reduced their holdings. China changed from America's second-largest creditor to the third-largest creditor, and Britain became the second-largest creditor. March is on the eve of this round of turmoil in the US bond market. According to the US Treasury's March 2025 International Capital Flows Report, Japan increased its holdings of US Treasury bonds by 4.9 billion US dollars in March, and the size of its holdings was 1130.8 billion US dollars. It is still America's largest creditor. China reduced its holdings of US Treasury bonds by 18.9 billion US dollars to 765.4 billion US dollars in March, the first time this year. After reducing its holdings, the size of China's holdings in US Treasury bonds fell from second to third.

Data released by the US Treasury Department on May 16, local time shows that in March 2025, among the top three foreign creditors of US debt, Japan and the United Kingdom increased their holdings of US Treasury bonds, while China reduced their holdings. China changed from America's second-largest creditor to the third-largest creditor, and Britain became the second-largest creditor. March is on the eve of this round of turmoil in the US bond market. According to the US Treasury's March 2025 International Capital Flows Report, Japan increased its holdings of US Treasury bonds by 4.9 billion US dollars in March, and the size of its holdings was 1130.8 billion US dollars. It is still America's largest creditor. China reduced its holdings of US Treasury bonds by 18.9 billion US dollars to 765.4 billion US dollars in March, the first time this year. After reducing its holdings, the size of China's holdings in US Treasury bonds fell from second to third.