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 4/15/08 For Feb 2008 | ||||||||
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Highlights
Net long term inflows came in at a very healthy $72.5 billion in February vs. $57.1 billion in January. Foreign demand for government agency bonds was especially strong showing a net gain $36.9 billion led by strong demand from private investors, which is a surprise given troubles in the credit market and the U.S. housing market. Demand for Treasuries was also strong showing a net inflow of $20.6 billion, as was demand for corporate bonds at a net +$19.3 billion. Less strong but still positive was foreign demand for U.S. equities, a category that shows a $6.0 billion gain to extend a solid streak of gains. Customers of U.K. banks were the biggest buyers of U.S. securities with oil exporters also showing strong demand.
The shrinking dollar has yet to bite into foreign demand for U.S. securities in what is a big plus for all U.S. markets. But it's also a surprise, given that currency depreciation is being magnified by low yields as the economy here softens and the Federal Reserve cuts rates. There wasn't much immediate reaction to the results though stocks did tick higher. But this report should help limit damage done from this morning's spike in the PPI, pointing to gains for stocks and the dollar. The report may also offer downward pressure for Treasury yields.
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