{
  "version": "wn-interest-holdings-model-v1",
  "retrievedAt": "2026-09-26T21:11:56.837246+00:00",
  "rate": 0.03443,
  "ratePercent": "3.443",
  "rateDate": "2026-07-31",
  "rateSource": "https://fiscaldata.treasury.gov/datasets/average-interest-rates-treasury-securities/",
  "expiresAt": "2026-11-01T00:00:00Z",
  "ticPeriod": "2026-07",
  "fedRelease": "September 11, 2026",
  "ticRelease": "September 16, 2026",
  "ticReleaseSource": "https://home.treasury.gov/news/press-releases/sb0631",
  "foreignTotal": 9248100000000,
  "domesticDerivation": {
    "totalAssets": 29013600000000,
    "restOfWorld": 9269200000000,
    "centralBank": 4082700000000
  },
  "method": "Illustrative annual interest = published holdings \u00d7 Treasury Total Marketable average interest rate. Elapsed-period estimate = annual illustration \u00d7 elapsed UTC seconds / seconds in current calendar year. Not actual receipts, not an allocation of budget net interest. Valuation, currency, custody, instrument mix and reporting periods differ. U.S. investors excludes central bank. Country holdings include official and private investors; custodial location may differ from ultimate owner.",
  "sources": [
    {
      "file": "/audit/interest/tic-holdings.html",
      "url": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "sha256": "6aacba444d68d09999af66f92c7dfd2ddf5cb72e5040a59458781125af11f1a2"
    },
    {
      "file": "/audit/interest/fed-holdings.html",
      "url": "https://www.federalreserve.gov/releases/z1/current/html/F3_2_s.htm",
      "sha256": "d22eacc39e75c9b71b682f401db27ad10d62614edc9d1102899e7253e4b747b6"
    },
    {
      "file": "/audit/interest/treasury-rates.json",
      "url": "https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v2/accounting/od/avg_interest_rates?filter=record_date:eq:2026-07-31&page[size]=100",
      "sha256": "0128ad24003646aef450503dbaf023cd1a16724657cd187f324e94cf3005d497"
    }
  ],
  "rows": [
    {
      "name": "Japan",
      "slug": "japan",
      "sourceName": "Japan",
      "holdings": 1103900000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "United Kingdom",
      "slug": "united-kingdom",
      "sourceName": "United Kingdom",
      "holdings": 998300000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "China",
      "slug": "china",
      "sourceName": "China, Mainland",
      "holdings": 618000000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Belgium",
      "slug": "belgium",
      "sourceName": "Belgium",
      "holdings": 470700000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Cayman Islands",
      "slug": "cayman-islands",
      "sourceName": "Cayman Islands",
      "holdings": 460100000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Luxembourg",
      "slug": "luxembourg",
      "sourceName": "Luxembourg",
      "holdings": 442100000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Canada",
      "slug": "canada",
      "sourceName": "Canada",
      "holdings": 426300000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Ireland",
      "slug": "ireland",
      "sourceName": "Ireland",
      "holdings": 350200000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "France",
      "slug": "france",
      "sourceName": "France",
      "holdings": 348400000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Taiwan",
      "slug": "taiwan",
      "sourceName": "Taiwan",
      "holdings": 296100000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Switzerland",
      "slug": "switzerland",
      "sourceName": "Switzerland",
      "holdings": 284800000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Singapore",
      "slug": "singapore",
      "sourceName": "Singapore",
      "holdings": 277700000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Hong Kong",
      "slug": "hong-kong",
      "sourceName": "Hong Kong",
      "holdings": 258300000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Norway",
      "slug": "norway",
      "sourceName": "Norway",
      "holdings": 206900000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "India",
      "slug": "india",
      "sourceName": "India",
      "holdings": 202600000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Brazil",
      "slug": "brazil",
      "sourceName": "Brazil",
      "holdings": 168000000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Saudi Arabia",
      "slug": "saudi-arabia",
      "sourceName": "Saudi Arabia",
      "holdings": 142400000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "South Korea",
      "slug": "south-korea",
      "sourceName": "Korea, South",
      "holdings": 131500000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "United Arab Emirates",
      "slug": "united-arab-emirates",
      "sourceName": "United Arab Emirates",
      "holdings": 110100000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Bermuda",
      "slug": "bermuda",
      "sourceName": "Bermuda",
      "holdings": 109100000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": false
    },
    {
      "name": "Other foreign holders",
      "slug": "other-foreign-holders",
      "sourceName": "All Other",
      "holdings": 1842400000000,
      "period": "July 2026",
      "group": "foreign",
      "source": "https://ticdata.treasury.gov/Publish/slt_table5.html",
      "aggregate": true
    },
    {
      "name": "U.S. investors",
      "slug": "united-states",
      "sourceName": "Total assets minus Rest of the world minus Central bank",
      "holdings": 15661700000000,
      "period": "Q2 2026",
      "group": "domestic",
      "source": "https://www.federalreserve.gov/releases/z1/current/html/F3_2_s.htm",
      "aggregate": true
    },
    {
      "name": "Federal Reserve",
      "slug": "federal-reserve",
      "sourceName": "Central bank",
      "holdings": 4082700000000,
      "period": "Q2 2026",
      "group": "domestic",
      "source": "https://www.federalreserve.gov/releases/z1/current/html/F3_2_s.htm",
      "aggregate": false
    }
  ]
}