Foreign holdings of US Treasuries fell in July to the lowest level since October, led by declines in the stockpiles of France and Canada. Overseas holdings dropped by $50.4 billion from June, according to data published by the Treasury Department on Wednesday. The total now stands at $9.25 trillion.

The decline was driven by reductions in French and Canadian holdings, though the overall drop was widespread. The data reflects ongoing shifts in global demand for US government debt amid changing economic conditions.

This marks the lowest level in nine months, underscoring potential challenges for US borrowing costs. The Treasury Department's report provides a snapshot of foreign investor sentiment toward US debt.