Quote:
Originally Posted by Sooner or later
Tabs,
Have a source for this?
"for the first time in at least 40 years there was an OUTFLOW of foreign capital from US Treasuries"
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I have been trying to verify that statement. I can't find anything. I hope Tabs supplies a link to his information.
I did find this. Not sure if this is what he is talking about.
https://www.reuters.com/article/us-usa-economy-capital-idUSBRE97F02T20130816
Aug 15th, 2013
(Reuters) - China and Japan led an exodus from U.S. Treasuries in June after the first signals the U.S. central bank was preparing to wind back its stimulus, with data showing they accounted for almost all of a record $40.8 billion of net foreign selling of Treasuries.
The sales were part of $66.9 billion of net sales by foreigners of long-term U.S. securities in June, a fifth straight month of outflows and the largest since August 2007, U.S. Treasury Department data showed on Thursday.
China, the largest foreign creditor, reduced its Treasury holdings to $1.2758 trillion, and Japan trimmed its holdings for a third straight month to $1.0834 trillion. Combined, they accounted for about $40 billion in net Treasury outflows.