Who Bought the Incredibly Spiking US Government Debt, Now $30.4 Trillion in Treasury Securities? | Wolf Street

The US gross national debt has now reached $30.4 trillion, having spiked by a $7.0 trillion since March 2020. Every one of these Treasury securities had to be bought and is held by some institutional investor, bank, government entity, or individual in the US or globally.

The Fed, the single largest buyer until early this year, is no longer adding to its holdings. And in June, it will start reducing its holdings, even as the government will issue more debt and someone has to buy it all.

About $4.07 trillion of it is held by foreign central banks and government entities; the rest by foreign institutional investors, corporate entities, banks, and individuals.

Most of the 10 biggest foreign holders after Japan & China are tax havens and financial centers, some of them just small countries that cater to global corporations and the elite, including US corporations, that can shelter their capital there in offshore mailbox entities where some of their Treasury holdings are registered.

Who Bought the Incredibly Spiking US Government Debt, Now $30.4 Trillion in Treasury Securities? | Wolf Street