Friday, December 16, 2005


Central Banks Shed US Treasuries

Reuters reports on the capital inflows to the US. "Foreign central banks turned net sellers of U.S. debt for the first time in over a month last week as they shed some of their Treasury bond holdings, Federal Reserve data showed on Thursday."

"The Fed said its overall holdings of Treasury and agency debt kept for overseas central banks fell by $1.218 billion in the week ended Dec. 14, to stand at $1.511 trillion."

"Selling of Treasury bonds was key to the overall decline, with the breakdown of custody holdings showing overseas central banks sold $2.266 billion in government debt. Debt sold sold by government-sponsored agencies like Fannie Mae and Freddie Mac fared better, with the offshore institutions buying $1.048 billion in that sector."

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