Central banks in biggest US Treasury sell-off for three years

federal reserve

Treasury debt held in custody for foreign central banks fell by the steepest amount for almost three years last week, data published by the Federal Reserve on Thursday showed.

The Fed data revealed US Treasury securities held by foreign central banks at the Fed fell by $18.24 billion, or 0.79%, to $2.266 trillion in the week to 12 May after 13 straight weeks of gains. The combined holdings of Treasuries and agency securities, which includes Fannie Mae and Freddie Mac debt, fell by 0.69%, or $21.

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