Sunday, February 19, 2006

New York Times: "In Long-Term American Treasury Securities They Trust"

Floyd Norris' "In Long-Term American Treasury Securities They Trust" (sorry, but this article is subscriber-only access) has some interesting statistics on foreign purchases of U.S. securities.

Foreign investors' purchases of American long-term securities were up 14% in 2005. According to Norris, "
The gain last year showed increasing foreign trust in American corporations. 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."

Another interesting fact: "
in 2005 central banks played only a minor role in buying Treasuries."



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