Foreigners buy $63.4B of U.S. securities

Nov. 16, 2004 at 12:18 PM
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WASHINGTON, Nov. 16 (UPI) -- The U.S. Treasury said Tuesday foreigners recorded $63.4 billion in net purchases of U.S. securities in September, the highest since June.

September's net buying was above August's revised purchases of $59.9 billion, which the government originally reported as $59 billion.

Foreign net purchases of Treasury bonds were $19.2 billion in September, up from $14.6 billion in August.

The government said within the foreign purchases of Treasury notes and bonds, foreign official institutions purchased a net $10.1 billion in September, down from $19.1 billion in August.

Private foreign investors bought a net $9.9 billion in September, compared with net sales of $5.1 billion in August.

Also, international and regional organizations sold a net $764 million in September, compared to net purchases of $686 million in August.

Net foreign purchases of U.S. agency debt totaled $956 million in September, down from net purchases of $21.2 billion in August. Net foreign purchases of agency debt were the lowest since September 2003.

For U.S. equities, net foreign sales totaled $3.8 billion in September, up from $2.1 billion in net equities sales in August and at the highest level of net sales in this category since May.

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