Board-Ansicht
Mix-Ansicht- Treasury Sales Report - CRASH_GURU, 15.04.2004, 16:00
Treasury Sales Report
-->Highlights
The Treasury International Capital report showed strong foreign demand for U.S. financial assets in February. Foreign purchases of long-term U.S. securities totaled $83.4 billion vs. $92.0 billion in the longer month of January (TIC data are not adjusted).
The data indicate that the long blizzard of foreign demand for U.S. bonds is not easing, at least it hadn't in the first two months of the year.
Foreign purchases of U.S. Treasury bonds and notes totaled a very strong $37.0 billion vs. an even stronger $46.9 billion in January.
Japan, swollen with dollar proceeds from currency intervention, extended its position as top holder of U.S. Treasuries, at $607.9 billion vs. $577.1 billion in January.
China, swollen with dollars from its exports, is the second biggest holder at $145.0 vs. $147.8 billion in January.
Foreign purchases of government agency bonds, at $24.3 billion, and corporate bonds, at $21.3 billion, were also strong. Foreign purchases of U.S. equities, traditionally much smaller, totaled $2.4 billion in the month.
In sharp contrast, U.S. demand for foreign assets contracted further, down $1.6 billion in February compared with a contraction of $8.3 billion in January.
Though lagging substantially, Thursday's data will raise confidence in the bond market that foreign demand, especially from Japan, remains sound. But March's data will be more interesting as they will show demand in the run-up to Japan's March 31 fiscal year-end. But more interesting yet will be this month's data (to be reported in June), showing Japanese demand after the fiscal year-end.
Thread gesperrtgesamter Thread:
