However, things can get a bit weird when art …
… starts getting imitated by life …
So laying aside actual nuclear waste issues, let’s see how the world of financial nuclear waste is doing this week.
The Fed’s own MBS holdings nudged north just $0.099 billion and agencies and others were flat too, but foreign central banks’ holdings of treasuries shot the moon with the biggest surge we’ve seen in a long time. What was with that?
This week Doom derived the NY Fed data set from a date-limited session with the Data Download Program:
Treasuries shot up by a whopping $41.995 billion. That’s the third biggest buy ever recorded in a data series that goes back 13 years.
Agencies swung to a tiny $0.384 billion gain with others following with an even smaller rise of $0.048 billion.
The net of US obligations surged up $42.428 billion, a full six week’s worth of healthy growth all at once, nearly all of it in treasuries.
Twist’s ratio graphs pitched down.
The Setser agency number edged higher, and the treasuries one soared, but not as much as you might expect because we’re on the anniversary of a very large gain, though only about half the size of the present one.
Notes and References
: “Foreign central banks’ US debt holdings rise – Fed”, Reuters, February 7, 2013.