On September 18, local time, the data released by the U.S. Treasury Department showed that in July 2025, among the three largest overseas creditors of U.S. bonds, Japan and the United Kingdom increased U.S. bonds, and China reduced U.S. bond holdings.
The U.S. Treasury Department’s International Capital Flow Report (TIC) of July 2025 showed that Japan had an increase in US bonds of $3.8 billion in July, with a holding scale of $115.14 billion, remaining the United States’ largest creditor; Britain increased its holding of US bonds of $413.3 billion to $89.3 billion in July, the holding scaleined second; China reduced its holding of US bonds of $257.7 billion to $730.7 billion in July, for the fourth time this year.