<p>Is there a list somewhere of who is buying the newly issued debt that will finance the American Rescue Plan (the $1.8 trillion stimulus package signed recently)? Of course, I have an idea of who owns the current stock of US Government debt, but is there a source which provides information on who is currently buying?</p>

CC BY-SA 4.0
2021-03-15T08:49:58.463Z
Welcome to Economics:SE. Thank you for your question; please consider revising it to be more in line with our community expectations. Like many other stacks, [we expect questions to provide evidence of prior research](https://economics.stackexchange.com/help/how-to-ask). That helps us to understand the question, and avoids our repeating work you've already done. Our [help center](https://economics.stackexchange.com/help), and [other stacks](https://interpersonal.meta.stackexchange.com/questions/3224/how-do-i-write-a-good-question) provide additional resources to assist with revisions.
1muflon1
CC BY-SA 4.0
2021-03-15T10:32:06.913Z
Most US Treasury debt is initially purchased by primary dealers: investment banks and brokers and dealers who then sell it on to their clients.  A few investors buy through TreasuryDirect.  But are you interested in the initial immediate purchase or the final investor?  If the latter then it might be better to look at changes in the holders of the stock.
Henry
CC BY-SA 4.0
2021-03-15T10:47:24.977Z
You can find who actually buys at https://home.treasury.gov/data/investor-class-auction-allotments ("coupon auctions" means long-term debt; "bill auctions" means short-term debt; "Investment Funds" includes both long and short-term holders)
Henry
CC BY-SA 4.0
2021-03-15T12:48:55.730Z
The sources are auction allocation (tells very little), Flow of Funds (Z.1), Treasury TIC data for international holders. The latter two are not timely. However, market researchers have discussed this topic for decades, and I am unaware of any useful information that comes out of it. The Treasurys are bought, then traded around - like any other financial asset.
Brian Romanchuk
<macroeconomics><government-debt><public-economics><nonexpert><national-accounts>
Is there a source which informs the public of who is buying up newly issued U.S. Government debt?
M Development
# Is there a source which informs the public of who is buying up newly issued U.S. Government debt?

(Asked by: username_0 on 2021-03-15)

Is there a list somewhere of who is buying the newly issued debt that will finance the American Rescue Plan (the $1.8 trillion stimulus package signed recently)? Of course, I have an idea of who owns the current stock of US Government debt, but is there a source which provides information on who is currently buying?

**Tags:** macroeconomics, government-debt, public-economics, nonexpert, national-accounts

> **Comments:**
> **username_1**: Welcome to Economics:SE. Thank you for your question; please consider revising it to be more in line with our community expectations. Like many other stacks, [we expect questions to provide evidence of prior research](https://economics.stackexchange.com/help/how-to-ask). That helps us to understand the question, and avoids our repeating work you've already done. Our [help center](https://economics.stackexchange.com/help), and [other stacks](https://interpersonal.meta.stackexchange.com/questions/3224/how-do-i-write-a-good-question) provide additional resources to assist with revisions.  
> **username_2**: Most US Treasury debt is initially purchased by primary dealers: investment banks and brokers and dealers who then sell it on to their clients.  A few investors buy through TreasuryDirect.  But are you interested in the initial immediate purchase or the final investor?  If the latter then it might be better to look at changes in the holders of the stock.  
> **username_2**: You can find who actually buys at https://home.treasury.gov/data/investor-class-auction-allotments ("coupon auctions" means long-term debt; "bill auctions" means short-term debt; "Investment Funds" includes both long and short-term holders)  
> **username_3**: The sources are auction allocation (tells very little), Flow of Funds (Z.1), Treasury TIC data for international holders. The latter two are not timely. However, market researchers have discussed this topic for decades, and I am unaware of any useful information that comes out of it. The Treasurys are bought, then traded around - like any other financial asset.  

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## 0 answers

