TIC Data Confirms: Foreign Appetite Gone
December 15th, 2009
| Categories: Market Minds, The Market Ticker
So the Obama Administration thinks it can issue $150 billion in new debt a month eh? Here’s the question: Who is going to buy ? I can tell you who isn’t buying - foreigners: Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $8.3 billion. Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $43.9 billion.
Originally posted here:
TIC Data Confirms: Foreign Appetite Gone
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