U.S. Debt Held by Foreigners Hits Record $6.07 Trillion

This is not going to end well.

Foreign holdings of U.S. Treasury securities hit a record high $6.07 trillion in August.

Japan added more than $11 billion to its stockpile,while China and Belgium, a proxy trader for Beijing, added a net $12 billion to its holdings.

If foreign countries stop buying US debt, never mind selling any off, it is going to be a disaster for US bond markets.