If this were a fireworks display, I’d sure be suspecting we’re near the climax. This week’s Reuters report  delivered a second consecutive Top Ten weekly rise in foreign central bank Treasury Debt holdings. The report was, as usual, based on the weekly update from the NY Fed’s H.4.1 table site. Here is Doom’s updated CSV version of the agencies and treasuries foreign central bank holdings data set.
Central banks bought a significant $21.581 billion dollars worth of Treasury Debt which, combined with last week’s huge move, puts the consecutive two-week total over $50 billion dollars, an unprecedented result. However, Agency Debt holdings increased by a meager $0.493 billion.
The graph of treasuries continues to streak upward, with the red agencies line starting to struggle up marginally.
Twist’s ratios heading down more strongly on the big treasuries buy.
Setser’s 52-week change graph continues its divergence, and the yellow line is simply going berserk.
Notes and References: "Foreign central bank Treasuries holdings rise -Fed", by Burton Frierson, Reuters, May 21, 2009. : "H.4.1 Factors Affecting Reserve Balances", Federal Reserve Statistical Release (weekly), Federal Reserve Bank of New York. : The updated data set as a Comma Separated Value (CSV) file is here.