of Treasuries are under three years in maturity 60% Distribution of Maturities in Treasuries Held by Foreign Investors 50% 40% 30% 20% 10% Sarce ire Deuttlie flank 3.5v ■0fficial institutions a Private Investors S :Cy too Dealer positions in Treasuries maturing in 3 years or less 30,00

BI/0:. Ml lir b 4, »In ate pie•-ed• Mea:te neeeemree a Wiele at st. etent 01P20 s.ťaa PrtniCiAMEIre se %lence nitek:ani: d berce tro erecee.,el Sarce f.3ro Peneo33 ;erb Tato Pečced Dana mee:me* las er ,310 tvar ~n 06 N* tetaxe to- ~c A tato. nts c•tic ',33 pxie3c eetracke rs dap3s y ~ton t