In 2008, Foreign Investors Owned More Than Half of the U.S. Treasury Market, Now They Own About 35%

One of the most important charts in macro:

The US must finance way more of our own deficits, but the only entity with the balance sheet to do so is the Fed (or the US banking system by proxy.) Via @AfurKnox https://t.co/HCusyeCQES

— Luke Gromen (@LukeGromen) November 25, 2020