THE GLOBAL DUMPING OF US TREASURIES HAS STARTED.
Turkey just dumped almost all of its US Treasury holdings, selling $13.98 billion in a single month.
In March 2026, Turkey recorded its largest single-month US Treasury selloff ever, cutting its holdings from $16.9 billion to just $1.78 billion. That is an 89% liquidation in 30 days.
To put this in context, Turkey was steadily building its US Treasury position from $3.44 billion in March 2024 all the way to a peak of $20.47 billion. That two year accumulation was gradually sold down over several months before the final $13.98 billion dump wiped out nearly everything in March alone.
Turkey is not alone. China has cut its holdings to an 18 year low, Japan is also selling.
Foreign demand for US government debt is collapsing from every direction simultaneously.