Europe now holds more Treasuries than Asia for the first time since at least 2012 — $3.66T vs $3.63T at the end of July, per TIC data, with the realignment driven by Asian holdings falling. The margin

What happened: In July, European entities held more US Treasury securities than Asian counterparts for the first time since at least 2012, based on data reported to the Treasury International Capital system. Key numbers: European participants held $3.66 trillion in USTs at the end of July versus $3.63 trillion for Asian participants. Asian holdings declined by $41.7. Why it matters: The realignment was mostly driven by the decline in Asian holdings, marking a shift in the regional distribution of US Treasury ownership.

European UST holdings overtake Asia for first time signals shifting demand.

European UST holdings overtake Asia for first time signals shifting demand. — impact context not separately stored; see What changed.