The latest @NewYorkFed breakdown of UST 'custody' holdings on behalf of foreign CBs, is revealing - #custody holdings last week stood at $2.85 trillion, the lowest since April 2020, chart @reuters.com https://www.reuters.com/markets/rates-bonds/em-central-banks-cool-treasuries-stoking-bond-yield-heat-mcgeever-2025-01-16/