Central banks’ holdings of US agency debt rise on dollar demand

federal reserve

Foreign central banks' ownership of US agency securities increased for a 12th straight week and by the largest amount since 28 December 2008, Federal Reserve data, out Thursday, showed.

Federal agency securities -- debt issued or guaranteed by Fannie Mae and Freddie Mac or the Federal Home Loan Banks -- rose by $12.15 billion, or 1.48%, from $818 billion to just over $830 billion for the week. The figure is still shy of the pre-conservatorship level of $984 billion.

The Fed data also revealed th

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