BREAKING: Foreign holdings of US Treasuries surged +$34.8 billion in January, to $9.3 trillion, the 2nd-highest on record. Japan, the largest foreign-owner, purchased +$39.8 billion, bringing the total to $1.2 trillion, the highest since July 2022. The UK, the 2nd-largest holder, posted a +$29.3 billion increase, to $895.3 billion, the 3rd-highest on record. China's stockpile, the 3rd-largest holder, increased +$10.9 billion, to $694.4 billion, the highest since September. Meanwhile, European Union holdings rose +$8.0 billion, to $2.1 trillion. Foreigners now own more US debt than ever.