Ranked: USA Treasury Holdings by Country
- 1 day ago
- 1 min read
Which countries have been buying and selling the most U.S. Treasury bills?
U.S. Treasury bills are considered to be one of the world’s most popular risk-free investments.
However, rising debt obligations and geopolitics have increased their scrutiny but they’re still considered to be virtually “risk-free”.
In the past one year, the world has seen rise in geopolitical tensions, conflicts and a shift to gold reserves as a safe haven. A few countries have increased their holdings significantly in USA Treasuries, going bullish on these T-bills, while a few have sold and decreased their holdings. Can you spot the trend?

Largest increase:
United Kingdom (UK): $130 billion
Japan: $75 billion
Belgium: $49 billion
France: $33 billion
Singapore: $30 billion
Largest decrease:
China: $93 billion
India: $52 billion
Brazil: $43 billion
Switzerland: $22 billion
Taiwan: $11 billion
A few major changes from comparison in February 2026:
Belgium, Japan, Canada and Norway have decreased their holdings significantly.
While Taiwan was initially a big buyer, the country is now a net seller.
On the other hand, Hong Kong, a big seller is now a net buyer.
China, India and Brazil continue to reduce holdings significantly.
Swiss enters the net sellers list. Is this money going to the AI stocks?











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