Courtesy of Lee Adler of the Wall Street Examiner
Tracking foreign central bank (FCB) holdings of US Treasury and Agency (Fannie, Freddie, and minor government agencies) paper has been one of the most important lines of inquiry in my analysis of market liquidity for the past 9 years. This information is available virtually in real time each week in the Fed's weekly H41 report. It tells us just how much the FCBs have been subsidizing the US financial markets.
Their purchases of government
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