But Who Bought this Huge Pile of US Government Debt?

by Wolf Richter
Wolf Street

Foreign holders, US banks, and US government funds all dumped. But two big players gorged on it – and one of them was the Fed.

Foreign investors – including central banks, governments, companies, funds, and individuals – shed $44 billion of US Treasury securities in April, compared to March, according to the Treasury Department Monday afternoon. Over the same period, the mountain of US Treasury securities grew by $1.287 trillion. Someone must have bought this $1.287 trillion in additional US debt that was issued in April, plus the $44 billion that foreign holders dumped. This amounts to $1.33 trillion. But who bought it?

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