Where's the Great Treasuries Collapse?
Despite all the talk that foreigners (China, Japan, et al.) will flee U.S. government bonds, the market remains stubbornly buoyant.
Last week we got the latest numbers on foreign buying of U.S. securities. And they once again looked strong.
In April, foreign buyers picked up a net $76 billion in Treasuries. The third-highest monthly total ever.
It's clear from the chart below foreign buying remains in an uptrend.
US Securities – Foreign Buying - Chart Full article at: Treasuries
The US is still the safest place for foreign investors who are looking for a safe haven for their assets. Additionally, I would imagine a lot of the debt concerns about Europe created an even greater demand for our government bonds. Only time will tell how long we can keep this up for though.
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