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Politics : American Presidential Politics and foreign affairs

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From: DuckTapeSunroof	5/17/2010 11:10:08 AM
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Economic Report: International purchases of U.S. assets soar in March China resumes appetite for Treasurys, data on net purchases indicate May 17, 2010, 10:18 a.m. EDT · By Greg Robb, MarketWatch marketwatch.com WASHINGTON (MarketWatch) -- Foreigners bought a record amount of U.S. debt in March, government data showed Monday. Analysts called it a vote of confidence in prospects for the recovery in the largest global economy. Total holdings of equities, notes and bonds increased a net $140.5 billion in March, the Treasury Department reported. This was up from $47.1 billion in the previous month and beat out the prior record of $135.8 billion set in May 2007. The data showed strong demand for U.S. government bonds in March. In addition, purchases of U.S. corporate debt rose for the first time in a year as purchases of agency debt came in at the strongest level since June 2008. International demand for Treasurys increased $108.4 billion in March, up from $48.1 billion in February. A breakdown showed foreign governments buying a net $28.2 billion of U.S. Treasurys on the month, a sharp increase from $1.1 billion in February. Private purchases of Treasurys also rose, reaching $80.2 billion for March after purchases of $47 billion in February. Meanwhile, international purchases of U.S. stocks rose by a net $11.2 billion compared with net purchases of $13 billion in February. Including short-term securities and bank lending data, foreigners bought a net $10.5 billion compared with purchases of $9.7 billion a month earlier. China was a net buyer of Treasurys for the first month since last September, according to the report. Greg Robb is a senior reporter for MarketWatch in Washington.

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