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US November net foreign securities purchases 149.9

Wednesday, January 16, 2008

WASHINGTON (Thomson Financial) - Foreign investors continued to expand their appetite for US securities in November, the Treasury Department reported.

Monthly net purchases by overseas investors totaled 149.9 bln usd for the month, the second month of increases after decreases in August in September. Economists were looking for something in the neighbourhood of 70 bln usd.

Treasury revised down net purchases in October to 92.2 bln usd, from 101.5 bln it originally reported.

Net foreign acquisition of long-term US securities were 90.9 bln usd, most of which came in the form of Treasury purchases.

Net private purchases of Treasury bonds and notes was 23.2 bln, and net Treasury purchases from foreign official institutions was only 0.4 bln usd.

Private purchases of government agency bonds soared in November to 20.6 bln usd, up from the less than 5 bln in purchases for the previous three months.

Foreign private investors bought a net 4.6 bln usd of US equities in the month, down sharply from 29.9 bln the prior month.

Japan in November was a net seller of Treasuries, cutting its holdings by 10.8 bln usd in November. China was a net seller of Treasuries for the fourth straight month, though it only cut its holdings by 0.2 bln usd. Oil exporters cut their holdings by 2.9 bln usd and Caribbean banking centres bought a net 1.9 bln usd.

The UK increased its holdings for the seventh straight month, by 20.1 bln usd in November.

Posted by MOHAMED SAID at 6:35 AM  

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