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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (44783)	8/9/2010 7:42:21 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Investors in the U.S. have added to their Treasury positions at a faster pace than overseas holders this year through May. Holdings in the U.S. are up 12 percent to $3.99 trillion, while Treasuries held overseas have risen 7.4 percent to $3.69 trillion. The biggest jump in demand this year among domestic buyers of Treasuries has been commercial lenders. Bank holdings of Treasury and agency securities increased 5 percent to $1.57 trillion last month, according to the latest data available from the Fed. That compares with a 3 percent gain in the first half of the year. ... About $19.7 trillion in household wealth was destroyed during the seven quarters ended March 31, 2009, according to Dean Maki, chief U.S. economist at Barclays Plc in New York. That is nearly 30 percent of the $65.9 trillion in net worth in the U.S. at the end of June 2007. The Treasury said economic growth is leading to an improvement in tax receipts at about the same rate as in past recoveries. The Treasury already has begun to trim its borrowing, making auction-size cuts that reduce borrowing capacity by $232 billion when considered over a 12-month period. Investors who have lived through the crash in technology stocks in 2000, the collapse of equities and the housing market in 2008 are increasing the emphasis they place on asset preservation, which may help keep yields lower for longer, said CRT Capital’s Ader. “Three times in the last 10 years I have been personally hit, I’ve experienced a loss of wealth, and I’m not unique as a Baby Boomer,” Ader, 52, said. “This changes dramatically the nature of how we’re going to be looking at our future.” Message 26742772