Total foreign holdings of Treasuries rose to $8.6729 trillion in September from $8.5034 trillion in August, the highest level on record and the fifth straight monthly rise, according to the latest data from the US Treasury on Monday. China's holdings fell $3 billion to $772 billion in September, while Japan's fell $6 billion to $1.123 trillion in September.
With Franklin Templeton's use of USDC to enable tokenized fund purchases, the market cap of tokenized U.S. Treasuries has surpassed $1.50 billion, increasing RWA by 35% since April. BlackRock's BUIDL fund is a major contributor driving this growth, growing 65% since April, while Franklin Templeton's FOBXX money market fund is up 27%. Additionally, Franklin Templeton recently announced that it will support USDC as an on/off channel for the fund.
US Treasuries were hit by a triple whammy yesterday, with rising yields helping the broad dollar rally and all investor eyes on a series of upcoming eurozone inflation data...
US Treasury yields hit a new high for the year.