China Buys $8 Billion in July US Treasuries

Oxford, MS 9/16/2011 (PennyPayDay) – Foreign accounts showed a net change of just $9.5 billion long-term US securities in July, well under the expected +$30 billion. Overall, including short term securities, foreign accounts US holdings were down $51.8 billion in July.

In regards to long-term securities these accounts added $16.3 billion Treasuries, $8 billion Agency debt, $1 billion in Corporate debt, but they shed $1 billion in equities. US accounts were net buyers of $15 billion in foreign equities.

The largest net buyer of Treasuries in July was China, they took in $8.0 billion.

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