 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
China trims US bond holdings amid sharp overall surge
Washington (AFP) Jan 19, 2010 China reduced its holdings of US Treasury bonds in November amid an unexpectedly strong surge in overall foreign purchases, official data showed Tuesday. China, the largest holder of US Treasury bonds, lowered its holdings of Treasury securities to 789.6 billion dollars by November 30 from 798.9 billion in October, the Treasury reported. Overall, net foreign purchases of long-term securities, which largely are Treasury bonds but also include other assets such as corporate bonds and equities, leapt to 126.8 billion dollars in the month. That was a sharp jump from the downwardly revised 19.3 billion dollars in October. Net foreign purchases of long-term US securities tripled to 129.3 billion dollars. Net buying by private foreign investors was 96.0 billion dollars, while those by foreign official institutions were 33.3 billion. "The November figure represented a tripling in the pace of foreign buying compared to the slow pace in the past several months," said Ed Friedman of Moody's Economy.com. US residents, by contrast, sharply reduced their investments, purchasing a net 2.5 billion dollars of long-term foreign securities, about a tenth of what they had bought in October, the Treasury reported. Net capital flows swung into positive territory in November, reaching 26.6 billion dollars, after negative flows of 13.9 billion in October. The increase was led by a surge in private net foreign private flows of 26.8 billion dollars that eclipsed net foreign official flows of negative 0.3 billion dollars. Foreign holdings of dollar-denominated short-term US securities fell by 27.2 billion dollars. Foreign holdings of Treasury bills decreased by 18.9 billion. Japan, the second-largest holder of the US investments, increased its holdings to 757.3 billion dollars from 745.9 billion. Britain, the third-largest holder of US bonds, raised its holdings to 277.5 billion dollars from 230.7 billion.
Share This Article With Planet Earth
Related Links The Economy
Britain facing decade of economic pain: forecastersLondon (AFP) Jan 18, 2010 Britain faces the prospect of a decade of economic pain, after binging on cheap debt, and its recovery will rely on trading more with Asian tigers like China, forecasters warned on Monday. The economy, expected to have escaped recession in the last quarter of 2009, faces a "challenging" 2010, according to the Independent Treasury Economic Model (ITEM) Club economic forecasting group of auditors Ernst and Young. "The UK economy has moved out of a decade of debt and into a decade of painful readjustment," the ITEM Club said in a key report published on Monday. ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook