International Demand for U.S. Assets Rises on Europe Crisis
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International demand for U.S. financial assets rose in May as investors sought shelter from the debt crisis in Europe.
Net buying of long-term equities, notes and bonds totaled $55 billion during the month, compared with net purchases of $27.2 billion in April, the Treasury Department said today in Washington. Economists surveyed by Bloomberg News projected net buying of $41.3 billion of long-term assets, according to the median estimate.