aiCIO – Foreigners bought a net $29.9 billion of Treasurys in December, the strongest gain in four months, according to a report released by the Treasury Department on Friday.
Foreigners also purchased $18.1 billion of mortgage-backed securities, likely due to concerns about the global economy at year, said Gennadiy Goldberg, an economist at TD Securities in New York. He noted that there was strong selling for the second straight month from Caribbean accounts, a typical proxy for hedge funds.
