Foreigners Unload U.S. Government Debt in December

Wednesday, 15 Feb 2012 09:10 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Foreigners closed out 2011 by slashing purchases of long-term U.S. assets, selling the largest amount of government bonds in December in more than two years, U.S. Treasury data showed on Wednesday.

Overseas investors were net sellers of Treasuries to the tune of $16.6 billion, the biggest monthly outflow since May of 2009. They were also net sellers of stocks and corporate bonds but were net buyers of U.S. housing agency debt.

Overall, the United States attracted a net long-term capital inflow of $17.9 billion in the final month of 2011 after drawing an upwardly revised $61.3 billion the prior month.

Foreign demand for short-dated assets such as bills was more robust -- they bought a net $87.1 billion compared with a revised $42.9 billion inflow in November.

China, the largest foreign U.S. creditor, cut its Treasury holdings by $31.7 billion to $1.101 trillion. (Reporting By Steven Johnson; Editing by Chizu Nomiyama)

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Glen Campbell's Farewell Song Hits Home With Alzheimer's Families

Friday, 31 Oct 2014 11:48 AM

Glen Campbell's new song and video, 'I'm Not Gonna Miss You,' is a heartrending musical reflection on his battle with de . . .

Capt. Chuck Nash: Hagel Giving Obama 'Wakeup Call' on Syria

Friday, 31 Oct 2014 11:34 AM

Secretary of Defense Chuck Hagel was trying to give President Barack Obama a "wakeup call" over the administration's str . . .

Judge Restricts Nurse's Movements in Ebola Quarantine

Friday, 31 Oct 2014 11:31 AM

A judge on Friday ordered a Maine nurse who treated Ebola patients in Africa to stay away from public places and maintai . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved