各国累计减持136亿美债，英国减持393亿、日本增持89亿，中国呢？

Core Insights - The U.S. federal government experienced a shutdown starting October 1, 2023, due to a lack of agreement on budget appropriations, causing delays in the release of important economic data, including the TIC report [1] - The TIC report was finally released on November 18, 2023, providing insights into global attitudes towards U.S. Treasury securities as of September 2023 [1] Overview of Holdings - As of September 2023, the total U.S. national debt exceeded $38 trillion, with foreign holdings amounting to approximately $9.249 trillion, representing nearly one-quarter of the total debt [1] - In September, global entities reduced their holdings of U.S. Treasuries by $13.6 billion compared to August [1] Major Holders' Movements - Japan increased its holdings by $8.9 billion in September, maintaining a stable position above $1.1 trillion, totaling $1.1893 trillion [2] - The United Kingdom, which had been rapidly increasing its holdings, saw a rare decrease of $39.3 billion in September, bringing its total to $865 billion, the lowest in three months [2] - China held $700.5 billion in U.S. Treasuries as of September, a slight decrease of $0.5 billion from August, but still higher than the July figure [2] Key Conclusions from September Holdings Data - U.S. Treasuries continue to be viewed as a "anchor" asset globally, reflecting strong international confidence in the U.S. economy [4] - The value of official gold reserves has surpassed that of U.S. Treasuries, indicating a growing preference for gold among central banks, particularly in emerging economies [5] - China's approach to U.S. Treasuries has been characterized by a gradual reduction strategy rather than a drastic sell-off, maintaining a significant holding due to the asset's status as a key risk-free investment [10][14]