Original Blog Entry: "Treasury Dump Brings Its Total Holdings To One Year Low, As "UK" Continues Exponential Accumulation

konane — Fri, 16 Jul 2010 15:34:46 GMT

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Found this interesting. There are 7 charts in the article so would suggest navigating to the site if you wish to view them and read the rest of the article.

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Treasury Dump Brings Its Total Holdings To One Year Low, As UK Continues Exponential Accumulation Of US Bonds

Submitted by Tyler Durden on 07/16/2010 09:28 -0500

Source Zero Hedge

We are a rather surprised that this morning's stunning Treasury International Capital report has not gotten far more prominent attention. The reason: in it we read that in May 2010, China dumped $33 billion in Treasuries, bringing its total to the lowest since June 2009. Furthermore, Japan also offloaded $8.8 billion in bonds, as did the Oil Exporters. Yet total foreign Treasury holdings increased from $3,957 billion to $3,964 billion almost exclusively as a result of ongoing exponential UK accumulation. It is time someone in the mainstream media asked just who is doing all this UK-based buying? It is not hedge funds, which operate out of Caribbean Banking Centers, and which saw an increase in holdings from $151.8 billion to $165.5 billion as risk went completely off in the month of May courtesy of the Flash Crash, Greece, and the general insolvency of Europe. It is also not China due to a diverging pattern in Bills accumulation versus disposition. Additionally, May saw a dramatic decline in total foreign purchases of total US assets, dropping from $110.3 billion to just $33 billion, with Corporate Bonds and Corporate Stocks seeing a rare monthly sell off ($9 billion and $432 million). ..........

http://www.zerohedge.com/article/chinese-treasury-dump-brings-its-total-holdings-one-year-low-uk-continues-exponential-accumu?utm_source=feedburner utm_medium=feed utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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