机构：美债替代品寥寥 外资持债意向坚挺

Core Insights - The share of foreign buyers in U.S. Treasury auctions has been increasing in recent months, alleviating concerns about the loss of the U.S. dollar's safe-haven status and potential buyer flight due to large deficits [1] - In January, foreign and international accounts received approximately 19% of auction allocations, the highest in nearly three years [1] - This share had previously peaked at nearly 25% in early 2022 before dropping below 10% in November 2024 [1] - The U.S. Treasury sells seven types of conventional bonds with maturities ranging from 2 to 30 years, as well as three types of Treasury Inflation-Protected Securities (TIPS) [1] - Analysts from TD Securities express skepticism about the narrative of a 'sell-off of America,' suggesting that the lack of alternative options may be driving investors to set aside their concerns [1]