C15 · WHO HAS BEEN FUNDING THE DEBT, AND WHETHER THEY STILL ARE
Foreign share of federal debt held by the public
30.03
STALEROBUSTDRS 95quarterlyas of 2025-10-01
This tile is stale: the value shown is the last
one the source published, never a fabricated current number.
The full history
1970
high 48.96 · low 4.42 · now 30.03 · 8 recessions shaded 2025
How it is read
What it measures
who has been funding the debt, and whether they still are
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Computed: 100 × federal debt held by foreign and international investors (Treasury Bulletin OFS-2, via FRED, billions) / federal debt held by the public (millions ÷ 1000). Quarterly since 1970. Strain side declared DOWN at introduction (2026-06-07): a retreating foreign share while issuance grows means the marginal buyer is stepping back and absorption shifts home: the leg of the sustainability equation C14/F10/F12 did not read. Dependence cuts both ways; the high side shows up in F12 and the yield tiles, disclosed. Ownership data publish ~2 quarters late; the long grace covers the lag, and the tile reads STALE honestly if the Bulletin slips further.
Where it comes from
DERIVED ↗Every number on this site is reproducible from this primary source.
What it read at past stress points
Lehman, Sep 2008
48.20
· CALM
Q4-2018 selloff
38.89
· CALM
Curve inversion, Aug 2019
41.15
· CALM
COVID crash, Mar 2020
40.34
· CALM
Questions it helps answer
The Debt: Can the debt be carried, and who is carrying it?