Bank of America: Cracks appearing in foreign demand for US Treasuries.

The Bank of America stated that central banks around the world have been selling U.S. Treasuries since March, indicating a diversification of their dollar assets. As of the week ending on June 11th, global central banks and other official institutions held an average of 170 billion U.S. dollars less in U.S. Treasuries at the Federal Reserve Bank of New York, with the decline since the end of March expanding to 48 billion U.S. dollars. In addition, foreign holdings of the Federal Reserve's reverse repurchase agreement tools have also decreased by approximately 150 billion U.S. dollars since the end of March.