Net Foreign Buys Of US Securities $91.3B In Aug
WASHINGTON (Dow Jones)--Foreigners recorded net purchases of U.S. securities totaling $91.3 billion in August, the biggest increase in 16 months, according to the latest data from the Treasury Department.
August's net buying was greater than July's revised foreign net purchases of U.S. securities of $87.5 billion, the previously reported at $87.4 billion, the Treasury said Tuesday in its monthly international capital report.
Foreigners net buying in August was greater than the August U.S. trade deficit in goods and services of $59.03 billion, reported last week by the Commerce Department.
Net foreign buying of U.S. securities in August was much more than Wall Street expectations. Analysts had projected net purchases of U.S. securities would ease back in August, with the median estimate of five economists surveyed by Dow Jones at $62.5 billion.
The overall net monthly figures include foreign holdings of U.S. Treasury debt, agency debt, U.S. stocks and U.S. corporate bonds, as well as effect of foreign securities sold to and bought from U.S. investors.
Foreign net purchases of U.S. Treasury notes and bonds totaled $28.1 billion in August, slightly less than a revised $28.5 billion in July, Treasury said Tuesday.
Within the foreign purchases of Treasury notes and bonds, foreign official institutions purchased a net $3.2 billion in August, down from $3.6 billion in July.
Private foreign investors bought a net $24.7 billion in August, slightly less than the net purchases of $25.0 billion in July.
International and regional organizations bought a net $168 million of Treasurys in August, compared with net sales of $52 million the previous month.
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October 18, 2005 09:00 ET (13:00 GMT) |
