U.S. Treasury’s International Capital Statistics Update
Tables and comments detailing foreign investment through August 31, 2008 with data released on October 16, 2008. Last Month, we detailed the record net sales of agency securities by foreigners in July. The August data is not much better, with foreign net sales of agencies totaling $29.47 billion. In hindsight, these outflows fit the story of the GSE bailout perfectly.
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Our Research — October 16, 2008
U.S. Treasury’s International Capital Statistics Update Tables and comments detailing foreign investment through August 31, 2008 with data released on October 16, 2008. Last Month, we detailed the record net sales of agency securities by foreigners in July. The August data is not much better, with foreign net sales of agencies totaling $29.47 billion. In… Continue reading Untitled