Demand for U.S. Long-Term Assets Weakened in May
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Global demand for long-term U.S. financial assets slowed in May from a month earlier as investors abroad sold stocks and foreign central banks reduced their holdings of Treasury bills.
Net buying of long-term equities, notes and bonds totaled $35.4 billion for the month, compared with net purchases of $81.5 billion in April, the Treasury Department reported today in Washington. Including short-term securities such as stock swaps, total net flows were $17.5 billion, compared with $13 billion the previous month.