📈 Foreign investors sell $29 billion in Treasury bills
According to TIC data from the US Treasury Department, foreign investors sold $29 billion in Treasury bills in June, while placing a total of $133.5 billion in US financial markets. Purchases of US equities reached $181.4 billion, while purchases of long-term Treasuries stood at $6.8 billion.
Foreign holdings of short-term Treasuries fell from about $1.43 trillion in May to $1.4 trillion in June. The figure follows $43.5 billion in sales recorded in May, for a total of about $72.5 billion over two months.
Dollar-linked stablecoin reserves are another source of demand for short-term US government securities. Tether reported $114.96 billion in direct Treasury bills and $25.62 billion in overnight and term repos in its second-quarter attestation. The supply of USDT stood at $184.6 billion at the end of the second quarter, about $...
🔗 Read the full article on Atlas21
According to TIC data from the US Treasury Department, foreign investors sold $29 billion in Treasury bills in June, while placing a total of $133.5 billion in US financial markets. Purchases of US equities reached $181.4 billion, while purchases of long-term Treasuries stood at $6.8 billion.
Foreign holdings of short-term Treasuries fell from about $1.43 trillion in May to $1.4 trillion in June. The figure follows $43.5 billion in sales recorded in May, for a total of about $72.5 billion over two months.
Dollar-linked stablecoin reserves are another source of demand for short-term US government securities. Tether reported $114.96 billion in direct Treasury bills and $25.62 billion in overnight and term repos in its second-quarter attestation. The supply of USDT stood at $184.6 billion at the end of the second quarter, about $...
🔗 Read the full article on Atlas21