Foreign central banks have reduced their holdings of U.S. Treasury bonds to the lowest level since 2012.

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BlockBeats message, April 1, according to a report by the British Financial Times, to support its domestic economy and currency during the Iran war, foreign central banks have reduced their holdings of U.S. Treasury bonds to the lowest level since 2012.

Since February 25, the value of Treasury bonds held in custody by official institutions at the Federal Reserve Bank of New York has fallen by $82 billion. Some central banks have intervened in the foreign-exchange market to support their domestic currency. Such intervention typically involves selling U.S. dollars to deal with the crisis. Since February 27, only the Turkish central bank has already sold foreign government bonds worth $22 billion.

Analysis indicates that supply shocks have put global central banks under enormous pressure.

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