Trade The World
Foreign official holdings of Treasuries hit 2024 low – ING
Ni FXStreet Insights Team
Petsa ng Pag-publish: 22 Aug 2025 | Petsa ng Pag-edit: 22 Aug 2025
POPULAR ARTICLES
US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.
US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.
Fed custody data shows $100bn decline since April
"We note the continued decline in the amount of US Treasuries held in custody by the Fed on behalf of foreign official institutions. "
"The weekly data released last night showed holdings dropping to the lowest levels of the year and down $100bn from early April. The US Treasury market, however, is doing fine, and one could argue that structural factors like adjustments to the Enhanced Supplementary Liquidity Ratio or the need to back Stablecoins with Treasury Bills are helping."
"Yet the Fed custody holdings data suggests that foreign central banks may be continuing to reduce US Treasuries and potentially dollar exposure, too, in their FX reserves. In other words, while the Treasury market may be ok in that the US private sector picks up the slack from foreign official sales, the impact on the dollar may still be negative."
Acuity Trading
Ang Acuity Trading ay isang fintech na nakabase sa London na itinatag noong 2013, na dalubhasa sa AI-powered na alternative data at sentiment analysis para sa trading at investments. Inirebolusyon nila ang online trading experience gamit ang visual news at sentiment tools, at patuloy na nangunguna sa merkado sa pamamagitan ng alpha-generating alternative data at highly engaging trading tools gamit ang pinakabagong AI research at technology.
Read More
