Net Foreign Purchases Of Long-Term U.S. Securities Totaled $20.7 Bln In October

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Tuesday morning, the Treasury Department released its report on Treasury International Capital flows for October, showing that foreign demand for U.S. bonds slipped by a notable margin.

Net foreign purchases of long-term U.S. securities totaled $20.7 billion in October compared to $40.7 billion in September. Economists had expected purchases to total $35.5 billion.

The decrease in total purchases came as foreign purchases of $43.4 billion in long-term securities were partly offset by $22.7 billion in purchases of long-term foreign securities by U.S. residents.

The Treasury added that foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased by $43.9 billion. Foreign holdings of Treasury bills decreased by $38.3 billion.

Tuesday morning, the Treasury Department released its report on Treasury International Capital flows for October, showing that foreign demand for U.S. bonds slipped by a notable margin. Net foreign purchases of long-term U.S. securities totaled $20.7 billion in October compared to $40.7 billion in September. Economists had expected purchases to total $35.5 billion. (Market News Provided by RTTNews)