If you look at the top foreign holders of US treasuries, everyone is looking at Japan as the issue where it may be the UK.
Japan is first with $1.11 trillion, the UK is behind with $939.9 billion, a spread of just $170 billion.
Japan has traded at a surplus for decades with amples of foreign reserves, where the UK has traded at a deficit for decades (sold half its gold reserves).
I wonder with the UK market imploding, does Bessent intervene with the UK next.
Also why the hell does the UK hold so much US treasuries.
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UK gilt yields blowing out at the open
Look at that 10-year 🔥