Archived IMT (2009.03.16)

Latest TICS data from the US Treasury showing total net inflows into US instruments showed a -$148.9 billion in January, the biggest outflow on record. This was largely prompted by selling of US Treasuries by private investors, and to a lesser extent sovereign accounts. The drop in holdings of US Treasuries fromUK and Caribean offshore centres indicate hefty selling from hedge funds and possibly sovereign accounts listed under private fund managers. But both Japanese and Chinese holdings of US Treasuries did move higher. Todays HotChart on USDNOK illustrates the 8% decline signalled last month Feb 11th & 26th.