Thursday, June 14, 2007

Foreign cenbanks bought Treasuries despite slump

(Reuters) - The Fed said its holdings of Treasury and agency debt kept
for overseas central banks rose $7.55 billion in the week ended
June 13, bringing the total to $1.958 trillion.




A downward spiral in the Treasury market has catapulted
bond yields to five-year highs over the past week. Investors
have voiced concerns that the move would be accompanied by a
long-feared pullout by Asian central banks, which control over
a quarter of the market.


Read more at Reuters.com Bonds News

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