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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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From: ldo7911/8/2007 4:52:04 PM
   of 436258
 
The devil is in the details!

Foreign central banks net buyers of U.S. debt-Fed
Thu Nov 8, 2007 4:30pm EST
NEW YORK, Nov 8 (Reuters) - Foreign central banks were net buyers of U.S. debt last week, Federal Reserve data showed on Thursday.

The Fed said its holdings of Treasury and agency debt kept for overseas central banks rose $1.15 billion in the week ended Nov. 7, to stand at $2.029 trillion.

The breakdown of custody holdings showed overseas central banks bought $6.32 billion in Treasury debt for a total of $1.237 trillion.

The foreign institutions sold securities from government-sponsored agencies like Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research), subtracting $5.17 billion from their holdings, to stand at $792.21 billion.

Overseas central banks, particularly those in Asia, have been huge buyers of U.S. debt in recent years, owning over a quarter of marketable Treasuries.

The full Fed report can be found at:

federalreserve.gov
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