Foreign investors have been unloading U.S. Treasuries for months now, and the numbers are alarming. In January, they sold off $13.3 billion in U.S. notes and bonds with maturities of over a year. This follows a trend that began in December, when a massive $49.69 billion was sold, and in November, another $34.41 billion was offloaded. After 15 consecutive months of foreign buying, this marks a significant shift in sentiment. The world is growing weary of relying on the U.S. as its financial safe haven. Canada was the largest net seller in January, following the same trend that started in December. Meanwhile, the U.K. took a step in the opposite direction, becoming the biggest buyer of U.S. debt that month, having been the largest seller just a month earlier. Japan and Norway followed closely behind as the second and third largest buyers, respectively. But it’s clear that the global appetite for U.S. Treasuries is waning, and investors are beginning to look elsewhere. Central banks, once eager to hold U.S. debt as a secure asset, are turning their back on the U.S. dollar.