I did my rant on Wednesday already, and even the Puplava number shows just a modest $8.539 billion rise in the Fed’s little hoard of MBS, so let’s cut right to the chase, such as it is. This week’s Reuters report1 was positively dull after last week’s historic treasuries buy. 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 version3 of the agencies and treasuries foreign central bank holdings data set.
The treasuries buy sagged back to $4.549 billion, about an 85 percent reduction from last week’s number, which was our 2nd highest ever.
Agencies fell by $1.483 billion, but that was less than a third of last week’s selloff.
The net buy of US obligations was a paltry $3.066 billion. Except for last week’s outstanding result, foreign official buyers haven’t been very busy lately.
Twist’s ratios graphs are still trending down, but at a much reduced angle from last week.
Setser’s 52-week change graph converged a bit this week on anniversary results heading in the same direction as this week’s but about 3 times stonger for both numbers.
Notes and References
: "Foreign c.banks’ US Treasury holdings up in wk – Fed", by Burton Frierson, Reuters, September 24, 2009.