Massive Selloff: I just watched Turkey execute its largest single-month US Treasury dump in history, wiping out 89% of its holdings by selling $13.98 billion in March 2026 alone.
The Sudden Reversal: This completely erases a two-year accumulation strategy where they peaked at $20.47 billion, leaving them with a mere $1.78 billion.
A Global Trend: From what I can see, Turkey isn't acting alone; China has aggressively cut its holdings to an 18-year low, and Japan is selling off too.
The Real Danger: This is no longer an isolated incident—we are witnessing a coordinated, multi-directional collapse in foreign demand for US government debt.
The Bottom Line: The global dumping of US Treasuries has officially started, and the traditional pillars of US debt are walking away.