- The selling of foreign central banks (particularly China) is the latest worry for long-dated U.S. Treasurys, but at least for the moment, the buying of foreign private investors is more than making up for central bank sales.
- According to Detusche Bank, there's been more than $200B of net foreign private buying over the last 12 months vs. about $100B of central bank sales.
- Net foreign buying of all U.S. securities has topped $400B over the past year - not near the level it hit in the financial crisis, but stronger than it's been in years.
- Previously: Deutsche: Central banks to unload $1.5T in FX reserves (Sept. 1)
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX