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![MikeWShell Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::32011659.png) Mike Shell [@MikeWShell](/creator/twitter/MikeWShell) on x 31.2K followers
Created: 2025-07-27 13:50:39 UTC

China has cut its U.S. Treasury holdings to $681B, down from over $1.2T.

Japan is still the largest holder at $1.019T, but it’s been selling too.

Meanwhile, the UK has surged to $728B, with the Cayman Islands, Canada, Belgium, and Luxembourg steadily increasing.

Foreign demand for Treasuries hasn’t disappeared—it’s rotating from sovereign reserves to financial centers and private capital.

The real risk isn’t that no one is buying—it’s that the buyers are more fragile, less sticky, and more sensitive to volatility.

It’s a structural asymmetry.

![](https://pbs.twimg.com/media/Gw3mVU0XIAAI2yu.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949467472249160185/c:line.svg)

**Related Topics**
[faster](/topic/faster)
[debt](/topic/debt)
[united states debt](/topic/united-states-debt)
[luxembourg](/topic/luxembourg)
[belgium](/topic/belgium)
[canada](/topic/canada)
[cayman islands](/topic/cayman-islands)
[$728b](/topic/$728b)

[Post Link](https://x.com/MikeWShell/status/1949467472249160185)