Japan's $76B US Treasury Sale Highlights Foreign Exit from US Debt Market
Japan sold $76 billion of US Treasuries in a single month, while Turkey's foreign exchange reserves dropped nearly 83% year over year, indicating continued pressure on overseas holders of US assets.
Japan offloaded $76 billion in US Treasuries in one month, a record monthly sale that underscores a broader trend of foreign divestment from American government debt. The move adds to growing concerns over global demand for US bonds, which have faced headwinds from rising yields and geopolitical shifts.
Meanwhile, Turkey's foreign exchange reserves have plunged nearly 83% compared to the same period last year, reflecting acute economic strain and further reducing the country's capacity to hold US assets. Together, these data points highlight the mounting challenges for the US in maintaining foreign appetite for its sovereign debt.
Source: First Squawk