Buying of US debt climbs
Source: Bloomberg News |
January 17, 2013, Thursday
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Print Edition
Print Edition
INTERNATIONAL purchases of US stocks, bonds and other financial assets rose more than twice the forecast amount in November as investors sought shelter from a global economic slowdown.
Net buying of long-term financial assets totaled US$52.3 billion in the month, up from net sales of US$1 billion in October, the US Treasury Department said yesterday.
Economists surveyed by Bloomberg News projected net buying of US$25 billion of long-term assets, according to the median estimate.
China remained the biggest foreign owner of US Treasuries in November after its holdings rose US$200 million to US$1.17 trillion, according to the Treasury.
Japan, the second-largest holder, saw its Treasury holdings rise US$900 million to US$1.13 trillion.
Net buying of long-term financial assets totaled US$52.3 billion in the month, up from net sales of US$1 billion in October, the US Treasury Department said yesterday.
Economists surveyed by Bloomberg News projected net buying of US$25 billion of long-term assets, according to the median estimate.
China remained the biggest foreign owner of US Treasuries in November after its holdings rose US$200 million to US$1.17 trillion, according to the Treasury.
Japan, the second-largest holder, saw its Treasury holdings rise US$900 million to US$1.13 trillion.
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