Foreign investors are getting sick of U.S. treasury bonds.
The Treasury Department reported that that purchases of stocks, notes and bonds by foreigners fell to $11.2 billion in April from $55.4 billion in March. That’s a HUGE drop.
Not only are they curtailing new purchases, foreigners are dumping their existing holdings of U.S. bonds too. China reduced their holdings of U.S. bonds from $767 million in March to $763.5 billion in April.
Japan, the second largest holder of Treasury securities, chopped their holdings from $686 billion to $685 billion in March.
Related Posts
- China owns $799 billion of U.S. bonds (11/18/09)
- 45% yield on China Properties bonds (03/18/09)
- Ditch the dollar says China (07/06/09)
- Indian banks avoid toxic bonds (10/20/08)
- Japan consumer spending still stuck in the do… (04/29/08)
{ 0 comments… add one now }