Demand for U.S. financial assets overseas increased in September, with China and others increasing on their already significant holdings of Treasury securities. China, by far the largest foreign investor in U.S. Treasury securities, added an additional $1.8 billion to its holdings to reach a total of $798.9 billion in September.
Sustained foreign investment in U.S. debt is vital to funding our Nation’s ever increasing budget deficits and maintaining low- interest rates to insure an eventual recovery from the recession.
Foreigners purchased $40.7 billion more in assets than they sold in September, the largest climb since June, according to an announcement from the Treasury Department on Tuesday.
Talks in Beijing between Chinese President Hu Jintao and President Barack Obama show an attempt to tighten ties between the US and China
The discussions, dubbed the Rebalancing Conferences, did little to produce on the promise of its title thus far with reports remerging that China has not agreed to allow its currency to rise in value against the dollar as requested.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
