Major global holders are steadily reducing their positions in US Treasuries, signaling potential shifts in international asset allocation strategies. In November, these holdings dropped by $6.1 billion, bringing the total to $682.6 billion—marking the lowest point since September 2008, when the global financial crisis was in full swing.

This sustained reduction reflects broader concerns about yield expectations, inflation dynamics, and currency considerations. The scale of the pullback is significant—we're now at levels not seen for over 15 years. Such moves typically precede major adjustments in risk appetite across global markets, including emerging asset classes like cryptocurrencies.

When institutional players reassess their Treasury exposure at this magnitude, it often correlates with increased volatility in equities and alternative investments. Traders monitoring macro trends should pay attention to how this capital reallocation plays out. The narrative around bond yields, real rates, and geopolitical economic strategy remains critical for positioning across different asset classes.