Foreign holdings of U.S. Treasuries rose by $83 billion in August to $9.33 trillion, the sixth-highest level on record.

The surge was driven by Canada, whose holdings increased by $38 billion to $465 billion, the fourth-highest level on record.

Belgium came next, with holdings up $20 billion to a record $491 billion.

The United Kingdom, the second-largest holder, increased its holdings by $11 billion to a record $1.01 trillion.

Meanwhile, Japan, the largest foreign holder, reduced its holdings by $36 billion to $1.07 trillion, the lowest level since November 2024.

China, the third-largest holder, cut its holdings by $27 billion to $591 billion, the lowest level since August 2008.

Despite continued selling by Japan and China, foreign holdings of U.S. Treasuries are still rising.