Saturday, September 30, 2006

Foreign central banks net sellers of US debt in wk

Foreign central banks were net sellers of Treasury bonds last week, leading to a reduction in their overall holdings of U.S. securities, Federal Reserve data showed.

The Fed said its holdings of Treasury and agency debt kept for overseas central banks fell by $13.04 billion in the week ended Sept. 20, to stand at a total of $1.67 trillion.

The breakdown of custody holdings showed overseas central banks sold $16.13 billion in Treasury debt to stand at a total $1.13 trillion.


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