Central Banks Shed Most US Debt Since 2014 as Dollar Needs Jump
- Foreign holdings of Treasuries fell by $76 billion in a week
- Usage of Fed’s foreign repo facility soared to $60 billion
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Foreign central banks liquidated Treasury holdings at the fastest clip in nine years and tapped a key Federal Reserve facility to raise cash as banking stress roils markets.
Fed data show foreign official holdings of Treasury securities fell by $76 billion in the week through March 22 to $2.86 trillion. That’s the largest weekly decline since March 2014.