Investing.com – U.S. Treasury International Capital purchases fell significantly more-than-expected in October, official data showed on Thursday.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD4.8 billion in October, down significantly from purchases of USD68.3 billion in September, whose figure was revised from a previously reported USD68.6 billion.
Analysts had expected Treasury International Capital purchases to decline to USD53.4 billion in October.
According to the data, China sold USD14.2 billion in U.S. Treasuries in October, after purchasing USD11.3 billion in the preceding month.
The U.K. was also a net seller of U.S. Treasuries in October, offloading USD13.2 billion after buying USD24.4 billion in September.
Japan purchased USD22.2 billion in U.S. Treasuries, after buying USD20.2 billion in September.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD rising 0.37% to trade at 1.3031.
Meanwhile, stock index futures held on to gains following the data. The Dow Jones Industrial Average futures pointed to a rise of 1%, S&P 500 futures climbed 1.1%, while the Nasdaq 100 futures indicated a gain of 0.85%.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD4.8 billion in October, down significantly from purchases of USD68.3 billion in September, whose figure was revised from a previously reported USD68.6 billion.
Analysts had expected Treasury International Capital purchases to decline to USD53.4 billion in October.
According to the data, China sold USD14.2 billion in U.S. Treasuries in October, after purchasing USD11.3 billion in the preceding month.
The U.K. was also a net seller of U.S. Treasuries in October, offloading USD13.2 billion after buying USD24.4 billion in September.
Japan purchased USD22.2 billion in U.S. Treasuries, after buying USD20.2 billion in September.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD rising 0.37% to trade at 1.3031.
Meanwhile, stock index futures held on to gains following the data. The Dow Jones Industrial Average futures pointed to a rise of 1%, S&P 500 futures climbed 1.1%, while the Nasdaq 100 futures indicated a gain of 0.85%.