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Trend Busters! Foreign Cenbank Holdings of US Obligations Largest Weekly Drop Ever Recorded

By Implode-Explode Heavy Industries

``. Last week I predicted a big surge from that good old stand-by, a "flight to safety." Instead, cenbanks dumped their last weeks' buy of agencies and their last two weeks' buy of treasuries, the latter a huge number. I think this is one of the biggest weekly sales of cenbank holdings since the NY Fed started recording the agencies number in February 2000.''

Full post as published by Mortgage Lender Implode-o-Meter on May 14, 2010 (boomark / email).