Investing.com - U.S. Treasury International Capital declined for the fourth consecutive month in May, as foreign demand for U.S. assets remained weak, official data showed on Tuesday.
In a report, the U.S. Department of the Treasury said that net foreign sales of long-term securities totaled USD27.2 billion in May, compared to net sales of USD21.8 billion in April.
Analysts had expected Treasury International Capital purchases to total USD14.3 billion in May.
According to the data, foreign residents decreased their holdings of U.S. Treasury bills by USD39.2 billion.
China purchased USD25.2 billion in U.S. Treasuries in May, after buying USD20.4 billion in the preceding month, while the U.K. sold USD5.0 billion in UST’s after buying USD1.1 billion in the preceding month.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.43% to trade at 1.3119.
Meanwhile, U.S. stock future indices pointed to a flat open. The Dow Jones Industrial Average futures was little changed, S&P 500 futures were flat, while the Nasdaq 100 futures pointed to an increase of 0.1% at the open.
In a report, the U.S. Department of the Treasury said that net foreign sales of long-term securities totaled USD27.2 billion in May, compared to net sales of USD21.8 billion in April.
Analysts had expected Treasury International Capital purchases to total USD14.3 billion in May.
According to the data, foreign residents decreased their holdings of U.S. Treasury bills by USD39.2 billion.
China purchased USD25.2 billion in U.S. Treasuries in May, after buying USD20.4 billion in the preceding month, while the U.K. sold USD5.0 billion in UST’s after buying USD1.1 billion in the preceding month.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.43% to trade at 1.3119.
Meanwhile, U.S. stock future indices pointed to a flat open. The Dow Jones Industrial Average futures was little changed, S&P 500 futures were flat, while the Nasdaq 100 futures pointed to an increase of 0.1% at the open.