Fed says foreign central banks buying more US debt

Foreign central banks continued to be net buyers of U.S. debt in the latest week, the Federal Reserve said on Thursday 27 May, taking their total holdings to another record high.

The Fed said its total holdings of Treasury and agency debt kept for overseas central banks rose $4.847 billion to $1.214 trillion in the week ending May 19, and that after a hefty $17 billion rise the week before. Custody holdings are now up $141.8 billion for the year so far.

The breakdown of the Fed's custody holdi