Led by selling from Belgium (often discussed as a proxy for China), down $10.1 bn…
…foreign central banks dumped Treasuries for the 5th consecutive month (-$157bn), and 10th of last 11 months (-$252bn)…
After the biggest selling since May 2016 last month, Saudis resumed buying USTs in February.
China and Japan were also buyers of USTs…
But away from the bond market, TIC data confirms foreigners sold US stocks for a record 10th consecutive month…
The aggregate $205 billion drop in the last 12 months is the largest liquidation of US equities on record.
Luckily, global money supply is holding US equities up for now…
via ZeroHedge News http://bit.ly/2XiMA4n Tyler Durden