If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU's holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down.

According to the latest data from TIC (Treasury International Capital System), the EU was in possession of $1242 billion of US Treasuries in November 2016, $9 billion more than one month earlier. The EU was the only one from three biggest holders that increased its amount of US treasuries in November, while China and Japan continued to lower their holdings.

The EU became the top US Treasury holder in February 2016, i.e. one year ago. China's holdings were then $1252 billion, while in November 2016 they were down to $1049 billion, which was a 16% decrease. If this pace of the Chinese sell-off is to be maintained, China may be surpassed even by the Euro Area, which is already holding $922 billion.