International Demand for U.S. Assets Rises on Europe
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International purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe.
Net buying of long-term equities, notes and bonds totaled $67 billion during the month, up from net purchases of $9.3 billion in June, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $27.5 billion of long-term assets, according to the median estimate.