The Selling Ends: Foreign Central Banks Buy The Most Treasuries In Over Two Years – 02.15.17

  • Over half a year after we first reported last August that foreign official institutions – central banks, sovereign wealth funds and reserve managers – are liquidating US Trasuries in record amounts, a process that only accelerated into last month when official entities sold a record $405 billion in US paper in the LTM period, Bloomberg decided to catch up to the topic with “America’s Biggest Creditors Dump Treasuries in Warning to Trump.”
  • Well, not so fast, because as we also warned last month, based on more concurrent data from the Fed, showing Treasuries held in custody, the selloff most likely peaked in November, as December was a month in which foreigners were actively buying, not selling Treasuries.

Read more at:The Selling Ends: Foreign Central Banks Buy The Most Treasuries In Over Two Years

Source: zerohedge.com

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