Credit: Investing.com - Investing.com - U.S. Treasury International Capital rose less-than-expected in October, as foreign demand for U.S. assets weakened, official data showed on Monday.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD1.3 billion in October, compared to purchases of USD3.2 billion in September.
Analysts had expected Treasury International Capital purchases to rise to USD25 billion in October.
According to the data, foreigners bought a net USD7.6 billion of Treasurys in October, up from net sales of USD18.3 billion in September.
China purchased USD7.9 billion in U.S. Treasuries in October, after selling USD1.6 billion in the preceding month.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD trading flat at 1.3160.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.2% at the open, S&P 500 futures indicated a rise 0.4%, while the Nasdaq 100 futures signaled a 0.15% advance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
