Salient to Investors:
U.K. and France boosted holdings of U.S. Treasuries by over 26 percent in April, total international demand for U.S. financial assets slowed. Chinese holdings rose $1.5 billion to $1.15 trillion.
Chris Rupkey of Bank of Tokyo-Mitsubishi UFJ said safe haven flows from Europe are driving T-yields down, and expects the trend to continue until Europe stems its crisis.
Net purchases buying of U.S. long-term equities, notes and bonds totaled $25.6 billion during April, versus $36 billion in March, and $45 billion estimated by Bloomberg surveyed economists.
Read the full article at http://www.bloomberg.com/news/2012-06-15/international-demand-for-u-s-financial-assets-slowed-in-april.html