Foreign Cenbank Holdings of US Obligations Weekly
Update — to 15 July 2009

Well, after last week’s odd little pause, our numbers are on the move again. This week’s Reuters report [1] showed string growth in Treasury Debt holdings, and a smaller but still significant decline for the Agency Debt number for foreign central banks. The report was, as usual, based on the weekly update from the NY Fed’s H.4.1 table site.[2] Here is Doom’s updated CSV version of the agencies and treasuries foreign central bank holdings data set.[3]

Treasuries surged $19.219 billion, which puts the holdings just below $2 trillion.

Meanwhile, a $8.676 billion reduction in agencies holdings decisively moved that number below $800 billion, just above which we’ve have been living for the previous 28 weeks. Good bye Tube of Bogosity, it looks like a down-trend has finally formed.

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Twist’s ratios graphs pop down on the opposite moves.

Setser’s 52-week change graph gets a bit of divergence from this week’s numbers.

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Notes and References

[1]: Foreign c.banks US Treasury holdings jump in week - Fed, by Burton Frierson, Reuters, July 16, 2009.

[2]: "H.4.1 Factors Affecting Reserve Balances", Federal Reserve Statistical Release (weekly), Federal Reserve Bank of New York.

[3]: The updated data set as a Comma Separated Value (CSV) file is here.

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