Tuesday, August 10, 2010

Americans buy more treasuries

“NEW YORK — For the first time since the start of the financial crisis in August 2007, US investors own more Treasuries than foreign holders.
Mutual funds, households, and banks had boosted the domestic share of the $8.18 trillion in tradable US debt to 50.2 percent as of May, according to the most recent Treasury Department data.” http://www.boston.com/business/markets/articles/2010/08/10/us_investors_buy_up_treasuries

This reflects higher domestic savings.

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