Foreign Demand Of US Assets Surges In November -Treasury |
| Wall Street Journal - Jan 19, 2010 |
Foreigners ramped up their purchases of long-term U.S. financial assets in November, as private investors snapped up a record amount of Treasurys, the Treasury Department said Tuesday.
Net foreign purchases of long-maturity U.S. securities totaled $114.5 billion, the most since May 2007, according to the monthly Treasury International Capital report, known as TIC. Net buying in October was revised to $6.9 billion from an initial estimate of $8.3 billion.
The monthly Treasury report highlights cross-border acquisitions of securities with maturities of more than one year, including nonmarket transactions such as stock swaps and principal repayment on asset-backed securities.
The closely watched figure excluding transactions that don't occur on an open market recorded net buying of $126.8 billion in long-term U.S. securities in November, after revised purchases of $19.3 billion in October, the report said.
Read Full Article from Wall Street Journal
- Posted: 2010-01-19 11:01:07
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