U.S. Federal Debt and Foreign Holdings Analysis
The U.S. federal government's total public debt reached $38.5 trillion by the end of Q4 2025, with foreign holders owning $9.3 trillion, or 24% of the total. Japan and the UK are the largest foreign holders, with 3.2% and 2.3% respectively. The debt held by foreign nations has fluctuated between $8.9 trillion and $9.5 trillion over the past year.
Topics: flight to quality foreign holders of U.S. debt global interest rates public debt U.S. Treasury debt