Caribbean 2019, -88,625 2020, -266,542 3/2021, -66,664 -3,650 -36,637 -6,426 -21,416 -48,024 -60,386 41,746
https://www.federalreserve.gov/data/secholdtrans/treasurybondsnotes20210531.htm
The Caribbean the home of off shore banking...Luxembourg, Ireland, Belgium, Switzerland
The UK is a large purchaser...maybe as a proxy for the FED?
As stated there is no official alternative to the USD in scale ability and or credibility so they have to stick to the USD. In the shadow world of off shore..those havens are showing a negative flow out of..
Then we have to look at the guyz who stuff their mattresses with USD eg don't use banking to hold USD's. And that btw is a large amount of USD's. What are they doing?
I suspect that sentiment is being reflected by the Reverse Repo Window as those USD's are being repatriated (coming out of the mattresses)...as in a ground swell of divestiture.
As long as people want to and do hold USD's the FED could print all they wanted as they would be sucked up ..change that sentiment and suddenly you start to see an excess of USD's showing up on banking doorsteps... So what does the FED do with them but store them into the daily limbo of Reverse Repo. The more that come out the bigger the Reverse Repo operation. WOW from apx 240B a day in early May to 547 in mid June...that is an increase of 300B in excess cash in one month...or 10B a day...
So can we surmise the mattresses (including foreign banking etc ops) are hemorrhaging 10B a day Globally? That is a groundswell change in sentiment towards the USD. by dribbles and drabs..
So the trajectory indicates that this is the beginning and that the USD divestiture is going to get much bigger down the road. At this point the official policy of sovereign nations and corps is that they must stick with the USD..no other alternative. And they are trying to find one.
That is largely my point here. Do I make myself crystal?
I give you Boyz credit, that you are capable of filling in the blanks in my initial offerings...but I find myself being mistaken in that remedial help is needed as there is a lack of capability here. You need it spelled out..