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Zero Hedge: Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper
One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number had dropped sharply, declining by over $22 billion in one week, one of the the biggest weekly declines since January 2015, pushing the total amount of custodial paper to $2.805 trillion, the lowest since 2012. One month later, we refresh this chart and find that in last week's update, foreign central banks continued their relentless liquidation of US paper held in the Fed's custody account, which tumbled by another $14 billion over the course of a week, pushing the total amount of custodial paper to $2.788 trillion, a new post-2012 low.
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WNU Editor: This is more of a reflection on how weak the Saudi and Chinese economies have become .... and the need of these governments for money to finance their budgets .... than what is happening in the U.S..
2 comments:
What do they use in or via Panama Papers offshoring loot?
You can look at this long run SPC or short run.
This chart is short run.
It is best to also look at long run or at least from 1990 or 200 until 2012 also.
What I am sure is that when the this news hits the MSM ( Does that stand for t mainstream media or the CDC definition? Give the presstitutes nowadays does it really matter?), the MSM will blame Trump.
However, this has been going down for a year.
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