Foreigners Dump US Securities

Foreigners were net sellers of U.S. securities in June for the first time in five months, but increased their purchases of long-term instruments such as U.S. government debt, the Treasury Department said on Monday.

Overseas investors sold a net $6.7 billion of U.S. securities in June, including short-term instruments such as Treasury bills. They were net buyers to the tune of $17.1 billion in May, according to the latest Treasury calculations. - Source