Irish holdings of US Treasuries

Nino Brown

According to the US treasury, Ireland holds 111bn of US treasuries. Does anybody know who holds this? Irish Banks? Our Central bank as reserves? If it's either of the above why can't we off-load them and pay down the debt? Don't we pay a higher interest on our the debt than the yield on US treasuries.

http://www.treasury.gov/ticdata/Publish/mfh.txt

hfallada

Our little ifsc manages a whopping $3 trillion. Ireland holds and manages billions for american companies. Very little is held by Irish companies.

Nino Brown

hfallada wrote: »

Our little ifsc manages a whopping $3 trillion. Ireland holds and manages billions for american companies. Very little is held by Irish companies.

Fair enough, the footnotes do mention that.

"The data in this table are collected primarily from U.S.-based custodians. Since U.S. securities held in overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of individual country ownership of Treasury securities (see TIC FAQ #7 at:"

Up from only 13bn in 2008, that's a massive increase, what's the advantage of buying so much through the IFSC, is it for tax reasons?

hfallada

Nino Brown wrote: »

Fair enough, the footnotes do mention that.

"The data in this table are collected primarily from U.S.-based custodians. Since U.S. securities held in overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of individual country ownership of Treasury securities (see TIC FAQ #7 at:"

Up from only 13bn in 2008, that's a massive increase, what's the advantage of buying so much through the IFSC, is it for tax reasons?

Dozens of reason. Cheaper than London, easier to find non-english speaking staff, Ireland is English speaking, we are a fund friendly country. But there is also allegedly we allow some anonymity that other countries dont allow. Most funds in Europe have some connection to Ireland, Netherlands and Luxembourg

SupaNova2

Nino Brown wrote: »

Fair enough, the footnotes do mention that.

"The data in this table are collected primarily from U.S.-based custodians. Since U.S. securities held in overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of individual country ownership of Treasury securities (see TIC FAQ #7 at:"

Up from only 13bn in 2008, that's a massive increase, what's the advantage of buying so much through the IFSC, is it for tax reasons?

Where can I find this data?

Nino Brown

When I was looking into this myself I found another forum on the same topic from several years ago, they had a screen capture of the same data from 2009

http://tinypic.com/view.php?pic=2u8bjvn&s=7#.U24yPPk7uSo

SupaNova2

I see. I actually came across archives of the data posted by the OP a couple of months back and can't find it. I thought you might have found that website. I'll post a link to it if I do find it.