【Bank of America: Foreign Demand for U.S. Treasuries Shows 'Cracks'】Bank of America stated that central banks have been selling U.S. Treasuries since March, indicating they are diversifying their holdings of dollar assets. As of the week ending June 11, the average amount of U.S. Treasuries held by central banks and other official institutions at the New York Federal Reserve Bank has decreased by $17 billion, with a decline of $48 billion since the end of March. In addition, foreign holdings of Federal Reserve reverse repurchase agreement instruments have also decreased by approximately $15 billion since the end of March.