5月美债外国持有者总量上升：中国三月连降，加拿大购买激增

Core Insights - Foreign investors increased their holdings of U.S. Treasury securities in May, but China's holdings decreased for the third consecutive month [1][3] - Japan and the United Kingdom, the top two holders of U.S. Treasuries, saw increases of $0.5 billion and $1.7 billion respectively, reaching approximately $1.14 trillion and $809.4 billion [1][2] - China's total holdings of U.S. Treasuries fell by approximately $0.98 billion to about $756.3 billion, despite an increase in long-term Treasury purchases [1][3] Summary by Category Foreign Holdings - As of May, total foreign holdings of U.S. Treasuries reached $9.05 trillion, an increase of $32.4 billion from April [7] - Canada emerged as a strong buyer, net purchasing approximately $65.8 billion in notes and bonds, raising its total holdings to a record $430 billion [7] China’s Treasury Holdings - In May, China increased its long-term Treasury holdings by $4.988 billion, while short-term holdings decreased by $7.452 billion [3] - The valuation change due to rising 10-year Treasury yields resulted in a loss of $6.198 billion in the value of China's overall Treasury holdings [3] Market Trends - The rise in U.S. Treasury yields in May led to a decline in the prices of futures contracts [6] - The overall increase in foreign holdings of U.S. Treasuries in May nearly reversed the decline seen in April, marking the second-highest level on record [7]