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 3/17/08 For Jan 2008 | ||||||||
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Highlights
Net foreign purchases of long term securities came in at +$62.0 billion in January, in line with expectations and up from +$56.5 billion in December. Central banks were big buyers of U.S. securities in the month, with net official purchases at +$53.4 billion vs. December's +$35.8 billion. Private purchases eased slightly to a net +$27.8 billion vs. +$33.3 billion in December.
Net purchases of equities were very solid at +$17.4 billion with other categories also solid including purchases of agency bonds which moved to a net +$19.3 billion vs. December's -$3.3 billion and is something to note given the risk of collapse in the mortgage market. One category showing softness was foreign demand for corporate bonds, at a net +$6.9 billion vs. +$37.5 billion in December.
January's $62.0 billion total about matches the nation's monthly trade deficit, leaving a roughly $40 billion in monthly government debt to be funded by domestic sources. Nevertheless this report, as well as this morning's current account, shows that foreigners have remained strong backers of U.S. securities -- and likely will remain so as safety becomes paramount during the shake out.
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