🚨BREAKING: Foreign central banks have dumped U.S. Treasuries to lowest level since 2012 amid Iran war pressure, per FT.

Key details include:
1. The value of Treasuries held in custody at the New York Fed by official institutions has fallen by roughly $82 billion since late February
2. Central banks have stepped up foreign exchange interventions to stabilize weakening domestic currencies
3. These interventions typically involve selling U.S. dollars and liquidating Treasury holdings
4. Central Bank of Turkey alone has offloaded about $22 billion in foreign government securities since late February
Global central banks are facing mounting pressure as war-driven shocks ripple through currencies and liquidity.