International

Foreigners Buying Lots of US Bonds

Foreigners purchased a record $1.6 trillion in US securities over the 12 months through December (chart). That's an impressive US net capital inflow that was generally bullish for the dollar last year and offset the Fed's QT paring of its bond portfolio. Net foreign purchases of US bonds totaled a record $1.2 trillion last year as follows: Treasury notes & bonds ($927 billion), Government