Foreign central banks buying more US debt

Foreign central banks were big buyers of US debt in the latest week, swallowing up similar amounts of both Treasury and agency debt in what was the heaviest week of buying in 2-1/2 months, Federal Reserve data showed on Thursday 11 August.

The Fed said its overall holdings of Treasury and agency debt kept for overseas central banks rose by $12.749 billion in the week ended Aug. 10 to stand at $1.465 trillion. The breakdown of custody holdings showed overseas central banks bought $6.563 billion

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