Foreign holdings of US Treasuries rise as supply for agency securities runs dry
Foreign central banks' ownership of agency securities fell for the first time in 12 weeks while holdings of US Treasuries rose, reversing the previous week's trend, Federal Reserve data out on Thursday, showed.
US Treasuries held by overseas central banks at the Fed increased by $14.37 billion, or 0.63%, to $2.278 trillion for the week ending 30 June, the largest gain in Treasuries since 17 March when foreign holdings rose by $27.5 billion.
The Fed data also revealed that Federal agency
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