Fed says central banks keep buying US debt

Holdings of US government debt held by foreign central banks hit a new record high, the Federal Reserve said on Thursday 12 February. The Fed said it was partly due to the Bank of Japan's heavy intervention in the markets.

According to the Fed its total holdings of Treasury and agency debt for central banks abroad rose $4.364 billion to $1.126 trillion in the week ending 11 February.

The breakdown of its custody holdings showed central banks sold a net $232 million of Treasuries, taking their

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