Foreign investors hit the road
Overseas investors are unloading everything but U.S. Treasurys. Just one problem: We need the money.
Foreign investors are still showing a voracious appetite for U.S. Treasury bonds…but they’re selling everything else the United States has to offer.
According to the Treasury Department’s latest report – released Thursday – overseas investors bought a total of nearly $35 billion in Treasury bonds in August. But they dumped other securities, including corporate bonds, U.S. stocks and government-agency bonds, such as those from Fannie Mae and Freddie Mac. [Read more →]
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