Gavekal Capital: Foreigners Flocked To US Treasuries In February

Tuesday, April 15, 2014

Foreigners Flocked To US Treasuries In February

The always volatile TIC data was released this morning and showed that foreigners bought the most long-term US securities in any month since August 2012. Private parties purchases were focused solely on treasury bonds and notes. They purchased over $75 billion in February which was the most since August 2011. As they were stocking up on treasuries, private foreigners actually were net sellers in agency bonds, corporate bonds and equities.

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