Heinz Blasnik- Views You Can Use Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NOW who wrote (1800)	5/24/2003 3:12:37 PM
From: UnBelievable	Read Replies (1) of 4905

Right Now It Is Mostly Japan That Is Buying Long Term Paper As a place to put all of the dollars they are accumulating on behalf of their FX interventions intended to support the dollar and weaken the Yen (buying dollars). From Dow Jones newswire: Participants said strong Asian central bank buying early Friday continued the trend seen recently. Indeed, Federal Reserve custody holdings of U.S. securities on behalf of foreign central banks for the week ended May 21, released late Thursday, surged to $20 billion compared with a weekly average of $2.5 billion over the past year. The $20 billion in securities includes $18 billion in U.S. Treasurys and $1.4 billion in agencies. And participants say it largely reflects the Bank of Japan's recent aggressive intervention in the foreign-exchange market. "The Treasury market's buyer of last resort is foreign central banks," said Marcel Kasumovich, head G10 foreign exchange strategist at Merrill Lynch in New York. "Asian policy makers don't want their currencies to strengthen versus the dollar."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next