外国官方持有者对美国国债的兴趣显著减退。17月份外国央行和政府的国债持仓降至3.77万亿美元，占美国国债总额的比例仅为12.8%，创1993年以来的最低水平。1这一占比从2012年的34%大幅下滑，而外国持有者在美国可流通国债中的份额也从2007-2009年的峰值38%跌至31.9%。1同期，美国国债总额增加了三倍，而同期通胀仅为48%。1
与此同时，离岸金融中心成为美国国债的新买家。1英国、比利时、开曼群岛等七大离岸金融中心的国债持仓合计达3.28万亿美元，占全球外资国债持仓的35%，其中英国持仓1.0万亿美元，比利时为4710亿美元，开曼群岛为4600亿美元。1主要传统持有国则在大幅减持：日本7月减持国债130亿美元，2月至7月累计减持1350亿美元；中国与香港7月合计减持130亿美元，过去12个月累计减持670亿美元。1此外，挪威主权财富基金也提议减少国债持仓约800亿美元。1
Foreign official holders have substantially reduced their appetite for US government debt, with their holdings declining to $3.77 trillion in July, representing just 12.8% of total US Treasury outstanding—the lowest proportion since 1993 1. This marks a dramatic shift from 2012, when foreign governments and central banks accounted for 34% of all US debt outstanding 1. The share held by foreign entities among circulating US Treasuries has also contracted to 31.9% from a 2007-2009 peak of 38% 1.
The retreat by traditional holders coincides with a surge in Treasury accumulation by offshore financial centers, which collectively held $3.28 trillion by July—equivalent to 35% of all foreign-owned US debt 1. The United Kingdom leads this group with $1.0 trillion, followed by Belgium at $471 billion and the Cayman Islands at $460 billion 1. Meanwhile, major long-standing holders have engaged in significant offloading. Japan reduced its position by $13 billion in July alone, with cumulative reductions of $135 billion between February and July 1. China and Hong Kong combined to trim $13 billion in July and $67 billion over the preceding twelve months 1. Norway's sovereign wealth fund has additionally proposed reducing its Treasury holdings by approximately $80 billion 1.
The erosion of foreign interest occurs against the backdrop of substantial US debt expansion, with total Treasury outstanding having tripled since 2012 despite cumulative inflation of 48% over that same period 1.
评论
还没有评论，欢迎留下第一条。