Foreign Demand for U.S. Financial Assets Plunged in February
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International demand for U.S. stocks, bonds and other financial assets plunged in February as investors in Japan, the U.K. and Switzerland reduced their holdings of Treasuries.
Net selling of long-term equities, notes and bonds totaled $17.8 billion during the month, down from net purchases of $25.7 billion in January, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $40 billion of long-term assets, according to the median estimate.