# Foreign Exchange Reserves

The Great Divergence: China Trims Treasuries as Global Appetite for U.S. Debt Hits Record Highs

Foreign holdings of U.S. Treasuries reached a record $9.49 trillion in February, driven by heavy buying from Canada and Saudi Arabia. Conversely, China continued its long-term strategy of reducing its exposure to U.S. debt, with its holdings falling to $693.3 billion.