Investors abroad sold longer term Treasuries for three consecutive months, a sign of central bankers reducing their reliance on the U.S. as a financial buffer.
In January, foreign residents sold a net $13.3 billion of U.S. notes and bonds that had more than one year to maturity, the latest Treasury data show. It comes after $49.69 billion was sold in December, following sales of $34.41 billion in the month of U.S. elections, November. Global central banks represent a big chunk of foreign demand.
Before the back-to-back net selling of the world’s safest debt, foreigners had kept buying for 15 straight months.
The largest net seller in January was Canada. The U.K. was the largest buyer in January, after having been the largest net seller in December. Norway and Japan were the second and third largest net buyers in January,…
