(Bloomberg) — The US is becoming ever more dependent on its closest allies to fund its swollen debt burden, exposing a vulnerability in the $30 trillion Treasuries market. Countries that are aligned with Washington bought $463.9 billion of Treasuries in 2025, the biggest annual net purchase since at least 2016, according to Bloomberg’s analysis of US Treasury data. By contrast, the figures showed that countries least united with the US offloaded $125.24 billion of American debt last year, the most in six ...