Are central banks selling Treasuries? Probably, just not that much

As a share of the overall Treasuries universe, foreign ownership is gradually declining. — Reuters

ARE central banks unloading Treasuries amid the controversial US-led war in the Middle East? Likely yes, but it’s complicated.

On the one hand, foreign-owned Treasuries held in custody at the New York Federal Reserve (Fed) just fell to a 16-year low below US$3 trillion.