AI
Wednesday, August 13, 2003 1:04:13 PM
Net foreign inflows into US assets (stocks and bonds) soared to $109.5 billion in May, the highest monthly figure on record. Treasury bonds and Agency bonds saw the highest monthly net purchases on record. Equally significant about the latest data is the breadth of the increase, spanning across all major asset categories.
Treasury bonds saw a 368% increase to $38.9 billion in May, accounting for 70% of the rise in total inflows. Agencies rose 60% to $32.4 billion. Corporates also hit the second highest level at a record high, at $29 billion. US investors also stepped up their net sales of foreign bonds to a record 13.7 billion, but ended up net buyers of foreign stocks.
Treasury bonds saw a 368% increase to $38.9 billion in May, accounting for 70% of the rise in total inflows. Agencies rose 60% to $32.4 billion. Corporates also hit the second highest level at a record high, at $29 billion. US investors also stepped up their net sales of foreign bonds to a record 13.7 billion, but ended up net buyers of foreign stocks.
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