European holdings of US Treasuries surpass Asia's for first time

Key facts

• European entities held $3.66 trillion in US Treasury securities in July.
• Asian entities held $3.63 trillion in US Treasury securities in July.
• This marks the first time European holdings have exceeded Asian holdings since at least 2012.

European entities held more US Treasury securities than their Asian counterparts for the first time since at least 2012 in July, according to data reported to the Treasury International Capital system. European market participants held $3.66 trillion in USTs at the end of July, compared with $3.63 trillion held by Asian participants. The shift was largely driven by a $41.7 billion decline in Asian holdings.