Foreign Buying of U.S. Assets Was Below Estimate in October
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International purchases of U.S. financial assets rose less than forecast in October as confidence grew that European leaders were moving toward resolving their debt crisis.
Net buying of long-term equities, notes and bonds totaled $1.3 billion during the month, down from net purchases of $3.2 billion in September, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $25 billion of long-term assets, according to the median estimate.