Investors buy fewer long-term U.S. assets
Posted by | Posted in Business News | Posted on 18-07-2011
WASHINGTON, July 18 (UPI) — Foreign investors bought $23.6 billion in long-term U.S. assets in May, down from $30.6 billion in April, the Treasury Department said.
Foreign investors spent $44.6 billion on U.S. securities, down slightly from $44.8 billion purchased in the previous month, while U.S. residents bought a net $21 billion of foreign securities in May, up from $14.7 billion in April, MarketWatch.com reported.
The Treasury Department said investors purchased $5.6 billion in corporate bonds in May compared with net sales of $3.8 billion in the previous month.
Treasury data indicate China bumped up its holdings in May for the second straight month. Japan and the United Kingdom also increased their holdings.
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