Capital Sought Refuge of United States as European Conditions Grew More Precarious

May 17, 2010

The Treasury Department’s so-called monthly TIC data revealed a surge in net foreign purchases of long-term U.S. securities to $157.7 billion in March from $51.4 billion in February.  By comparison, such averaged $53.3 billion per month last year and $34.3 billion in 2008. Treasury notes and bonds comprised $108.4 billion or 68.7% of the March […] More