Foreigners Bought A Record Amount Of US Stocks In 2020, Bond-Selling Continues
Thanks to a $73.8 billion buying spree in December…
2020 saw foreigners buy a stunning $368 billion in US equities ($294bn by official institutions and $74 billion by private entities)…
That is more than triple the 2010 and 2012 totals, more than double 2009 ($152bn), and over 50% bigger than the previous biggest year – 2007 – when total buying topped $195bn.
Overall, December saw selling in Treasuries and Corporate bonds, buying in Agencies (and stocks as we have discussed):
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Treasuries: -$20.7BN
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Agencies: +$51.2BN
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Corporate Bonds: -$11.4BN
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Corporate Stocks: +$78.3BN
Finally, we note that while Treasury holdings overall are steady, they have a long way to go to match the de-dollarization trend seen in gold holdings over the past year…
Source: Bloomberg
Tyler Durden
Tue, 02/16/2021 – 16:56