Foreigners Buy $117 Billion of U.S. Treasury Bonds During August
Interest-Rates / US Bonds Oct 21, 2010 - 03:13 AM GMTBy: OilPrice_Com
Dave Forest writes: The U.S. bond market is murky these days.
Yields have been plummeting. But some of the action is almost certainly due to the Federal Reserve once again buying Treasuries. Since August 19, the Fed has bought $40 billion in government bonds.
But the Fed has no influence over foreign buyers of U.S. Treasuries. And these purchasers have been coming on strong.
Data last week showed that foreigners bought $117 billion in net Treasuries during August. This is the second-highest monthly total of all-time. Just a hair under the record $118 billion purchased by foreigners in November 2009.
Foreign buying of U.S. government debt has been in an uptrend since early 2009. Apparently the death of the dollar isn't so convincing abroad.
Source: http://oilprice.com/...
Dave Forest
By Dave Forest for OilPrice.com who focus on Fossil Fuels, Alternative Energy, Metals, Crude Oil Prices and Geopolitics To find out more visit their website at: http://www.oilprice.com
© 2010 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
