[Foreign central banks have reduced their holdings of U.S. Treasury bonds to the lowest level since 2012] BlockBeats News, April 1, according to a report by the Financial Times, foreign central banks have reduced their holdings of U.S. Treasury bonds to the lowest level since 2012 in order to support their domestic economies and currencies during the Iran war. Since February 25, the value of Treasury bonds held in custody by official institutions at the Federal Reserve Bank of New York has dropped by $82 billion. Some central banks have intervened in foreign exchange markets to support their domestic currencies. Such interventions typically involve selling U.S. dollars to respond to crises. Since February 27, the Central Bank of Turkey alone has sold $22 billion worth of foreign government bonds. Analysts point out that supply shocks are putting immense pressure on global central banks.