International official entities now control just 12.5% of all outstanding US Treasuries, marking the lowest ownership share recorded since the start of the century. This current level reflects a significant 24-percentage-point decrease from the peak ownership levels observed in 2009.
The data indicates that international demand for American sovereign debt is failing to match the rapid expansion of the total US debt supply. This shift highlights a decoupling between foreign central bank appetite and the accelerating pace of federal borrowing over the last fifteen years.