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International Demand for U.S. Assets Rises, Led by Record Bond Purchases
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International demand for long-term U.S. stocks, bonds and financial assets rose in November as private investors purchased a record number of government securities, a Treasury Department report showed.
Net buying of long-term equities, notes and bonds totaled $126.8 billion for the month, compared with net buying of $19.3 billion in October, the Treasury said in Washington. Including short-term securities such as stock swaps, foreigners purchased a net $26.6 billion in November, compared with net selling of $25.4 billion the previous month.
The economic recovery from the deepest recession since the 1930s and growing corporate profits are making U.S. investments more attractive.... Full Story |
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Submitted Jan 19, 2010 9:38am
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