Foreign central banks boosted their purchases of U.S. Treasury and agency bonds in the latest week, assuaging concerns about the possibility that overseas demand would wane, Federal Reserve data showed on Thursday. [1] That was outstanding. Notice that the author byline for this week’s Reuters report [1] has migrated to the top of the article, and the author is waxing lyrical about the optimistic tale of the numbers. Indeed, at a robust $10.794 rise in total obligations held by foreign central banks, almost equally split between buys of treasuries and agencies, support for the new US administration’s spending plans could…
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