Japan and UK Drive Increase in Foreign US Treasury Holdings

Foreign holdings of United States Treasury securities rose in January, according to data from the Treasury Department. Total holdings grew to $9.305 trillion from $9.271 trillion in the previous month, as investors returned to the market amid elevated yields and shifting expectations for Federal Reserve policy. Compared with a year earlier, Treasuries owned by foreigners were up 8%, underscoring sustained overseas demand as issuance has expanded to fund rising deficits.