Foreign Central Banks Buy TSYs For 2nd Month, China Holdings Near 4-Year Lows Tyler Durden Tue, 11/17/2020 - 16:15 Some relatively positive news in the latest TIC data shows that the last 12 months purchases of Treasuries by foreign central banks surged by $59 billion to $221.6 billion - its highest since Jan 2019... Under the hood, foreigners Total Long-Term Treasury Purchases: $22.5BN, sharp reversal from $33BN in sales in August Purchases of Agencies $46.2BN, highest since Feb 2020 Foreigners sold a total of $28.7BN in corporate bonds, after $2.3BN in purchases in August Stock purchases by foreigners $38.2BN, up from $26.6BN in August and most since May 2020 While that is all bright and shiny news for the US Government's massive deficits, one trend continues - China is dedollarizing, dumping more of its Treasury holdings to the lowest since Jan 2017... Source: Bloomberg Other high- (and low-) lights include: Japan holds $1.28T, a decrease of $2.2B from last month China holds $1.06T of U.S. Treasuries, a decrease of $6.3B from last month Belgium holds $218.1B of U.S. Treasuries, an increase of $3.1B from prior month Cayman Islands hold $231.6B, an increase of $2.7B from last month Saudi Arabia holds $131.2B, an increase of $1.2B from last month What is more interesting is that foreign official institutions bought for 2nd month in a row, something they haven't done since March 2018... But the trend is clear... Is it any wonder the dollar is tumbling?