Foreign central bank holdings of Treasury Debt nudged past $2 trillion for the first time ever, but those buyers of US obligations mostly sat on their hands last week. This week’s Reuters report [1] chalked up just a $3.473 billion rise in total holdings, with both numbers improving slightly. 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]
Treasuries rose $4.289 billion, not much better than last week. With massive supply of T-bills coming down the pipe, this doesn’t provide much support.
The drift down in agencies has slowed to a trickle, down just $0.816 billion. That’s 7 straight weeks of net selling, but in all that time the total has slipped less than $20 billion.
Twist’s ratios graphs slip down just a bit.
Setser’s 52-week change graph didn’t do anything dramatic this week.
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Notes and References
[1]: "Foreign cenbanks’ US Trsy holdings up in week – Fed", by Burton Frierson, Reuters, July 30, 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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