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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (2891)	12/4/2003 9:14:18 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

Reuters Foreign demand for U.S. debt jumps to fresh record Thursday December 4, 4:37 pm ET NEW YORK, Dec 4 (Reuters) - Purchases of U.S. debt from offshore central banks surged to yet a new record in the latest week, soothing worries that weakness in the dollar would curb foreign appetite for U.S. assets. The Federal Reserve said on Thursday its total holdings of Treasuries and agencies for foreign central banks jumped $11.9 billion to a record $1.045 trillion in the week ended Dec. 3, from the prior week. The breakdown of the Fed's custody holdings showed the central banks bought $13.03 billion of Treasuries, taking their total holdings to $835.140 billion. They sold $1.14 billion in agency debt, taking those holdings to $209.954 billion. Foreign central banks, mostly from Asia, have been major purchasers of U.S. debt this year as part of efforts to prevent an export-damaging rise in their currencies. The Fed also released figures that average the daily fluctuations in custody holdings over the week to Wednesday. Those showed holdings rose $8.44 billion to stand at an average $1.036 trillion a day.