Treasury International Capital for May: Net foreign purchases of long-term securities were...

Treasury International Capital for May: Net foreign purchases of long-term securities were -$19.8B, with foreigners picking up $7.9B in U.S. securities, and Americans buying $27.7B in foreign securities. Foreign holdings of T-bills were up by $53.1B.

Comments

[herbert hoover]

Only financially illiterate Americans would be willing to invest in T-bills.