The story of USD Treasury bond, although China already reduce their USD bond holding since Trump era around 2018, Japan and others getting crazy adding more.

UK and Ireland almost $900+ billion.

Look at tiny Cayman Island, bloody tax avoidance American etc gang of billionaires favorite tiny island holding $284 billion, another of their fav is tiny Luxembourg especially the big corps.

BRICS dude Brazil that have crazy gov debt in 2022 too holding $217 billion. Taiwan and Hong Kong both in $200 billion ++ level each. Rising interest rate killing them. 

All love the leverage of USD when it's getting strong, always getting bail out when there's crisis through QE aka. print print print. Importer & Exporter love the manipulation loopholes to maximize profit and also at the same time to hedge against losing to inflation when there's a sudden strengthening of the USD etc.