International Demand for U.S. Assets Rises on Europe
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International purchases of U.S. financial assets rose in August as investors sought shelter from the debt crisis in Europe, boosted by purchases from France, the U.K. and China.
Net buying of long-term equities, notes and bonds totaled $90 billion during the month, up from net purchases of $67.2 billion in July, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $48 billion of long-term assets, according to the median estimate.