The outstanding public debt of the US federal government is approaching $40 trillion, and the market is concerned about reducing holdings of US bonds in Japan and China

According to a report released by BIT Official, the total outstanding public debt of the US federal government is approaching $40 trillion. The market is worried that Japan may reduce its holdings of US treasury bond bonds to support the yen, and China is promoting diversification of foreign exchange reserves, reducing the allocation of US treasury bond, and increasing gold reserves. The rise in the yield of US treasury bond bonds reflects the market's concern about the reduction of Japanese and Chinese holdings of US bonds.