Foreigners Were Buying US Debt Again In June As Apocalypse Abated
Foreign holdings of US Treasurys rose a second month in June, TIC data out Monday showed.
Specifically, the pile of US debt in foreign hands rose to $7.04 trillion that month, the highest since February (figure below).
The transactions table shows foreigners were net buyers of Treasurys for the first time in four months, to the tune of $28.89 billion.
Don't forget the context. Foreigners sold Treasurys in April and liquidated them en masse during March, when foreign holdings dropped the mo
Good to be working for someone other than just the Fed.