UK overtakes China as second-biggest holder of US Treasurys with $780 billion

The UK now holds $779.3 billion in US Treasurys, pushing past China’s $759.0 billion and taking second place among foreign holders of American government debt, according to the March update from the US Department of the Treasury’s Major Foreign Holders of Treasury Securities table released on Friday. 

While China and Japan relied heavily on trade surpluses and currency strategies, the UK’s rise is tied more to the City of London’s role as a middleman for global capital.$BTC