US net long-term capital inflows soars to $129 bln

NEW YORK, Oct 18 (BestGrowthStock) – Foreign investors were heavy
buyers of long-term U.S. securities in August and nearly
tripled monthly purchases of U.S. government debt, the U.S.
Treasury Department said on Monday.

Net long-term capital inflows rose to $128.7 billion from a
$61.2 billion inflow the prior month. Foreigners bought a net
$117.1 billion in Treasury debt in August, the most since
November 2009 and up from $30 billion in July.

Net overall capital inflows into the United States, which
includes short-term instruments such as Treasury bills,
slipped to $38.9 billion in August from a downwardly revised
$63.3 billion, the Treasury said.

(Reporting by Steven C. Johnson;)

US net long-term capital inflows soars to $129 bln