This morning's July TIC data that showed that overseas investor holdings of agency bonds, which comprise agency debentures and agency MBS, have dropped by $18 billion in July, as reported in a Bank of America Merrill Lynch report.

Since 3Q08, overseas investor holdings of agency bonds have dipped by $314 billion, which is equivalent to approximately 20% of their total agency bond holdings in June of last year.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.