Bloomberg/Financial Post – International purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe.
Net buying of long-term equities, notes and bonds totaled $67 billion during the month, up from net purchases of $9.3 billion in June, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $27.5 billion of long-term assets, according to the median estimate. more> http://tinyurl.com/9dow4zy
Related articles
- International Demand for US Assets Rises on Europe Crisis – Bloomberg (bloomberg.com)
- Euro crisis sparks demand for U.S. assets (business.financialpost.com)
- Is the Table Set for the Next Financial Crisis? (theneteconomy.wordpress.com)
- UPDATE 1-Western Asset buying Treasuries, selling junk bonds-CNBC (uk.reuters.com)
- Neil Barofsky: Another Financial Crisis All But Inevitable (safehaven.com)
- German Minister Sees Euro Crisis ‘Turning Point’ This Month, Patrick Donahue and Tony Czuczka, BusinessWeek
- Fiscal Cliff Tops Euro Crisis Among Tail Risks, BofA Says, Charles Mead, BusinessWeek
