U.S. BUYING ITSELF !! WTF User ID: 1253431 Mexico 02/17/2011 07:38 PM Report Abusive Post Report Copyright Violation | WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! China and Russia sell US Treasuries By Michael Mackenzie in New York Published: February 15 2011 19:06 | Last updated: February 15 2011 21:43
China has sold billions of dollars in US Treasury bills for the second month in a row, even as strong buying from other foreign investors countered Beijing’s move to reduce its holdings. A Treasury report on Tuesday showed net foreign demand for long-term US securities, including bonds and equities, was $41.8bn in December, versus $64.5bn in November. Monthly net Treasury International Capital flows rose to $48.2bn in December, up from $35.6bn in November and $17.2bn in October.
The rise was driven by private investors, while official accounts, or foreign central banks, sold US assets for the second successive month.
Foreign private investor demand for US long-dated government debt remained solid in December and US Treasuries with maturities of more than a year recorded inflows of $55bn. But, short-term bills suffered a $37bn fall, after November’s $32bn drop.
Alan Ruskin, strategist at Deutsche Bank, said the mixed flows reflected foreign interest in longer-term Treasuries as yields rose. China, for example, bought $5bn of bonds and notes in December, but sold $9bn of Treasury bills. “The negative take for the bond market is that China reduced its overall Treasury holdings, but they have increased their exposure to US interest rates by buying longer-term Treasuries,” said David Ader, strategist at CRT Capital. “It is an important distinction.” Russia also pared its Treasury holdings for the second month, down to $106bn from $122bn. But the UK continued to drive demand for Treasuries with a rise to $541bn, up from $512bn in November and $208bn in January last year. That increase, according to analysts, reflected the UK’s status as a financial centre where Treasuries are bought by investors who are not domiciled in the country. |
Anonymous Coward User ID: 1155690 United States 02/17/2011 07:38 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! Link? |
Anonymous Coward User ID: 1043775 United States 02/17/2011 07:39 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! Link?
Quoting: 1FutureMarine1 [ link to www.ft.com] |
Anonymous Coward User ID: 703397 United States 02/17/2011 07:40 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! who's buying them? oh... don't tell me they are accepting our diluted dollars? |
Anonymous Coward (OP) User ID: 1253431 Mexico 02/17/2011 07:41 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! who's buying them? oh... don't tell me they are accepting our diluted dollars?
Quoting: Anonymous Coward 703397FEDERAL RESERVE TO U.S. TREASURY !! NICE AND EASY !! DON'T ASK DON'T TELL !! |
46 & 2
User ID: 725839 United States 02/17/2011 07:44 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! who's buying them? oh... don't tell me they are accepting our diluted dollars?
Quoting: Anonymous Coward 703397FEDERAL RESERVE TO U.S. TREASURY !! NICE AND EASY !! DON'T ASK DON'T TELL !! Quoting: Anonymous Coward 1253431via convenient "offshore" accounts...Japan and England have mysteriously upped their holdings as well.... Forty Six & 2 are just ahead of me...
"A wise man changes his mind; a fool never will" |
Anonymous Coward User ID: 1144159 United States 02/17/2011 07:48 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !!
Too bad it isn't the average lower middle class working stiff buying them because he is the one that is doing much of the work to keep the 'good faith and credit' of the workers of the USA behind them. But he is too broke to think about buying any more than onesys or twoseys a year. |
Anonymous Coward (OP) User ID: 1253431 Mexico 02/17/2011 07:48 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! who's buying them? oh... don't tell me they are accepting our diluted dollars?
Quoting: Anonymous Coward 703397FEDERAL RESERVE TO U.S. TREASURY !! NICE AND EASY !! DON'T ASK DON'T TELL !! Quoting: Anonymous Coward 1253431via convenient "offshore" accounts...Japan and England have mysteriously upped their holdings as well.... Quoting: 46 & 2And with little help from very friendly proxy too big to fail banks with 0% money from Fed !! Pleaseeeeeeee, don't ask don't tell !! |
Anonymous Coward User ID: 1239338 United States 02/17/2011 07:51 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! Its like punching yourself in the face. |
Ragman (Rags)
User ID: 590942 United States 02/17/2011 07:51 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! |
46 & 2
User ID: 725839 United States 02/17/2011 07:56 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! The ponzi is now global. One minute cog goes wonky and... Forty Six & 2 are just ahead of me...
"A wise man changes his mind; a fool never will" |
Anonymous Coward User ID: 1261299 United States 02/17/2011 07:58 PM Report Abusive Post Report Copyright Violation | Re: WTF !! CHINA AND RUSIA SELL U.S. TREASURIES BILLS FOR SECOND MONTH IN A ROW !! I guess they figure "get out while the getting is good"
Consider that now a 5-1 ratio of us now buying our own debt is a bad sign.
LOL at FED raising our future GDP oh wait thats from QE3 and 4! |