Tuesday, July 17, 2007

Foreign Buying of U.S. Assets Unexpectedly Surges to Record $126.1 Billion

(Bloomberg) -- Foreign buying of U.S. financial
assets unexpectedly climbed to a record in May as international
investors snapped up American stocks and corporate bonds.

Total holdings of equities, notes and bonds climbed a net
$126.1 billion, from $80.3 billion the previous month, the
Treasury said today in Washington. The demand for stocks and
bonds more than offset a second straight month of sales by China
of its holdings of Treasuries.


Read more at Bloomberg Bonds News

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