Friday, May 9, 2008

Foreign central banks net sellers of US debt

Foreign central banks were net sellers of U.S. Treasury debt and U.S. federal agency debt in the latest week, U.S. Federal Reserve data showed on Thursday.

The Fed said its holdings of Treasury and agency debt kept for overseas central banks fell by $8.47 billion in the week ended May 7, to a total of $2.273 trillion.

The breakdown showed overseas central banks sold $4.51 billion in Treasury debt, leaving the total of their Treasury holdings at $1.342 trillion.

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