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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (129737)	2/19/2006 12:26:49 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

FA... Sure you know all this, WLD...but some interesting odds and ends from this morning's papers on the matter we were discussing.....gg "....... foreigners had invested $350.8 billion in Treasury bonds and notes in 2005. They were net sellers of short-term Treasury bills, so their total Treasury holdings grew by just $290.9 billion. ........ Treasury securities held by the public — that is, by everyone except the Federal Reserve System and other arms of the government — rose by $306.4 billion. That means that 95 percent of the deficit was financed overseas. ..........Over all, foreign investors bought a net $1.05 trillion in long-term American securities in 2005, the first time the number had gone to 13 figures. That was up 14 percent from 2004....... While United States government and agency securities got most of the money, the increase largely came from a greater willingness to buy corporate bonds and stocks. Skeptics have been warning for years that foreign central banks would eventually lose their appetite for Treasury securities, leading to a plunge in the value of the dollar.......... the figures show that in 2005 central banks played only a minor role in buying Treasuries. The government said they added just $61.2 billion in long-term Treasury securities to their portfolios, well below the $201.1 billion they invested in 2004. The vast majority of foreign Treasury purchases came from private foreign investors.....".........(italics mine.gg)