币界网报道：The U.S. net international investment position reached a record deficit of $26 trillion in the second quarter, according to the latest data from the Bureau of Economic Analysis. This widening gap reflects increased foreign investment in U.S. assets, including Treasury securities, corporate bonds, and equities, while American investments abroad grew at a slower pace. The deficit has expanded by $2.5 trillion since the end of 2023, driven by strong foreign demand for U.S. financial markets amid global economic uncertainty. Analysts warn that the growing imbalance could amplify market shocks, as foreign investors may become more sensitive to U.S. fiscal and monetary policy shifts. The Treasury Department noted that foreign holdings of U.S. government debt rose to $8.4 trillion, with Japan and China remaining the largest creditors. Meanwhile, U.S. direct investment abroad increased modestly, particularly in European and Asian markets. Economists caution that sustained deficits could pressure the dollar and heighten vulnerability to external financial disruptions, though the dollar's reserve currency status continues to attract steady inflows. The Federal Reserve's aggressive rate hikes have further complicated the outlook, as higher yields lure foreign capital but also raise debt servicing costs. Market participants are closely monitoring whether the deficit trend persists amid slowing global growth and geopolitical tensions.