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Chinese Treasury Holdings Decline For Fifth Month In A Row, Biggest Drop Since November 2010

Posted By admin On May 16, 2011 @ 7:45 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Monday, May 16, 2011

At 9 am, Treasury released its March TIC [2](international funds flow) data. While the headline number of $116 billion in total net TIC flows was slightly higher than February at $116.0 billion compared to $97.7 previously, the net number (offset by US transactions in foreign securities) missed expectations of $33 billion, printing at $24 billion. Notably, of the $116 billion in foreign flows into US securities, foreign central banks were ($10) billion (and privates were $126 billion), indicating that the central banker cartel may be in need of some additional funding soon. Net foreign purchases of long-term U.S. securities were $54.7 billion. Of this, net purchases by private foreign investors were $44.9 billion, and net purchases by foreign official institutions were $9.9 billion. Foreign holdings of dollar-denominated short-term U.S. securities, including U.S. Treasury bills and other custody liabilities, decreased $18.3 billion. Foreign holdings of U.S. Treasury bills decreased $21.9 billion. And while we will provide a full breakdown later in the day, the key trend in US paper holdings continues to be China, whose total US debt holdings dropped for the 5th consecutive month in a row at $1144.9 billion, and the largest one month decline since November 2010.

Chinese Treasury Holdings Decline For Fifth Month In A Row, Biggest Drop Since November 2010 Chinese%20UST%20Holdings%20March 0 [3]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/chinese-treasury-holdings-decline-fifth-month-row-biggest-drop-november-2010

[2] March TIC : http://www.treasury.gov/press-center/press-releases/Documents/051611%20TIC%20Release.pdf

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/images/Chinese%20UST%20Holdings%20March.jpg

[4] China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills: http://www.prisonplanet.com/china-has-divested-97-percent-of-its-holdings-in-u-s-treasury-bills.html

[5] U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt: http://www.prisonplanet.com/u-s-treasury-china-has-decreased-its-holdings-of-u-s-debt.html

[6] China Passes Japan as Biggest U.S. Treasuries Holder: http://www.prisonplanet.com/china-passes-japan-as-biggest-us-treasuries-holder.html

[7] Israel Has Dumped 46 Percent of Its U.S. Treasury Bills; Russia 95 Percent: http://www.prisonplanet.com/israel-has-dumped-46-percent-of-its-u-s-treasury-bills-russia-95-percent.html

[8] China’s holdings of US debt larger than reported: http://www.prisonplanet.com/chinas-holdings-of-us-debt-larger-than-reported.html

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