- TICS Report - CRASH_GURU, 19.10.2005, 14:56
- Re: TICS Report - Cosa, 19.10.2005, 16:12
- Re: TICS Report - CRASH_GURU, 19.10.2005, 16:44
- Re: TICS Report - Cosa, 19.10.2005, 16:12
TICS Report
-->Foreigners bought a net $91.3 billion in longterm
US securities in August, well over the trade deficit for the
same month of $59 billion. Corporate bonds were the big
winners, up to $40.3 billion from $24.9 billion in July. Treasuries
got about the same amount, $28.1 billion, while Agency
bonds were only about half the previous interest, $15.7 billion
from $37.8 billion in July. Bank of NY economist Woolfolk
notes that foreign interest in US equities dropped to a mere
$3.8 billion from $10 billion and at the same time, Americans
continued to diversify into foreign equities, $13.5 billion from
$8.7 billion. As for reserve diversification, you can’t deduce it
from the TICS report--but net buying from official institutions
fell to a mere $4.4 billion (from $10.4 billion), although it’s hard
to know for sure, since central banks and other official entities
could be hiding behind London banks.

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