Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. The U. The debt is held in two categories: intragovernmental debt and public debt.
Intragovernmental debt is debt owed to other federal agencies and makes up roughly a quarter of outstanding debt. This includes Social Security, military retirement funds, Medicare , and other retirement funds. So which countries hold the most? Japan is the largest holder of U. This is the highest level of debt owned by Japan in several years, beating out China as the largest holder of U. The increase in Japan's holdings is its largest since The low and negative yield market in Japan makes holding U.
China gets a lot of attention for holding a big chunk of the U. It has a massive trade surplus with Washington, meaning it exports more to the US than it imports from the US. So it can use its reserve of US dollars to buy Treasurys. China can also use its foreign exchange reserves to influence the value of its currency. Yes, that is a lot—the most in the world , in nominal terms.
Most of it is owned by domestic actors, either consumers, banks, or institutions like the Federal Reserve. First, it could sell its Treasurys. China could also let its US Treasurys mature and not renew them. But the US constantly issues new bonds before the old ones mature to refinance its debt.
China could sell a lot of its Treasurys suddenly and without warning, and it would take time for the Federal Reserve or foreign investors to step in. This would destabilize the markets but also hurt China, which is a major global exporter.
The US Treasury releases the figures on this every quarter - we have made them more useable. So, who has the most? But it's down Bad as that number is, using the bald total figure is not as representative as using a measure which compares the debt to the size of the economy. That is, debt as a percentage of gross domestic product - GDP. Treasury marketable and non-marketable bills, bonds, and notes reported under the Treasury International Capital TIC reporting system are based on annual Surveys of Foreign Holdings of U.
Securities and on monthly data. Beginning with new series for June , also includes British Virgin Islands. Data journalism and data visualisations from the Guardian. Interactive: 4 Oct Presidential debate: which words did the candidates use?
0コメント