This week’s Reuters report [1] saw treasuries buying holding steady, but the sell-off of agencies gained momentum. The report was, as usual, based on the weekly update from the NY Fed’s H.4.1 table site.[2] Here is Doom’s updated CSV version of the agencies and treasuries foreign central bank holdings data set.[3]
This week’s healthy $10.648 billion increase in foreign central bank holdings of Treasury Debt was up, but only marginally, from last week. Agency Debt holdings were flat last week, but this week foreign central banks sold off a fairly noticeable $4.254 billion in Agency Debt. The total increase in cenbank holdings for the week was therefore considerably less than last week’s.
The agencies flatline continues, but has drifted from the high side of the 1/2 year range to the low side over the last little while.
The downward march of twist’s ratios graphs continues.
The divergence in Setser’s 52-week change graph also continues.
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Notes and References
[1]: "Foreign c.banks US Treasury holdings up in week-Fed", by Burton Frierson, Reuters, June 18, 2009.
[2]: "H.4.1 Factors Affecting Reserve Balances", Federal Reserve Statistical Release (weekly), Federal Reserve Bank of New York.
[3]: The updated data set as a Comma Separated Value (CSV) file is here.
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