These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities. Why Investors Care
| Released on 6/15/07 For Apr 2007 | ||||||||
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Highlights
Net foreign purchases of long term U.S. securities rose to $84.1 billion in April from $51.2 billion in March. Foreign demand for U.S. equities was unusually strong in April, at a net $27.4 billion and an important factor behind the stock market's strength. Demand for agency bonds was also unusually strong at $36.1 billion, while demand for corporate & other bonds was strong as usual, at a net $33.5 billion.
On the downside was unusually weak demand for Treasuries, at a net of only $0.4 billion. The softness reflects in part easing demand from China, whose Treasury holdings contracted by $5.8 billion. Treasury dealers have been warning for the last couple of months that Chinese demand is down sharply and is an important factor in the dramatic rise underway in U.S. interest rates.
These data are often compared against the nation's trade deficit, which continues to hover at just about $60 billion a month and making April's overall report a positive. The dollar showed no initial reaction to the data which nevertheless are a plus for the currency. The stock market may also get a lift, though the data won't help Treasuries as they seem to confirm that China is shifting assets to instruments outside Treasuries.
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