The US probably became a significant draw for “safe have” seeking money in April. That was probably more true in May.
The results of foreign investment is American assets was released by The Treasury Department today.
Net foreign purchases of long-term securities were $83.0 billion.
- Net foreign purchases of long-term U.S. securities were $110.9 billion. Of this, net purchases by private foreign investors were $93.3 billion, and net purchases by foreign official institutions were $17.5 billion.
- U.S. residents purchased a net $27.8 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $62.6 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $1.5 billion. Foreign holdings of Treasury bills decreased $3.6 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $49.1 billion.
Douglas A. McIntyre