FAST FIVE: US Investments Suffers Longest Outflow Streak Since 1982 As China Dumps Treasuries To 2-Year Lows

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For the fifth month in a row, US total cross-border investment was an outflow (-$7.8bn) –  the longest streak of outflows since 1982.

Additionally, Foreign official institutions (central banks and reserve funds) sold Treasuries for 8th consecutive month, dumping $197BN in that time (they have also sold for 12 of the past 13 months).

After four straight months of buying UK led the Treasury selling in April, dumping $16.3bn.

Japan and Ireland also sold Treasuries, but it was China that was most notable as the resumption of selling ($7.5bn in April) took their Treasury Holdings down to lowest since May 2017.

In conclusion, April net asset flows: Total Long-Term Treasurys purchases: $16.9BN (Foreign official sales: $27.5bn, Foreign Private purchases: $44.4B) Total Long-Term Agency purchases: $25.2BN Total Corporate bond sales: ($4.8BN) Total stock sales: ($964MM)  .

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