Fed Hawks

Doug Henwood dhenwood at panix.com
Sun Sep 20 08:39:10 PDT 1998


Michael Cohen wrote:


>How much of the US government debt is own by foreign holders?

About 34%


>How is this distributed around the world?

Not really known. There's reasonably good data on who buys it initially - though purchases by an offshore hedge fund will show up as an offshore asset, even though the real owners may be in New York or Palo Alto - but as they're bought and sold, the holdings are reshuffled in ways no one knows for sure.

You can bet that central banks of countries with big foreign reserves - Japan, China, Taiwan, etc. - have big Treasury holdings

Doug



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