Treasury capital flows showed foreign accounts purchased $99.1 B
Treasury capital flows showed foreign accounts purchased $99.1 B in net long term U.S. assets after a revised $4.6 B pick up in May (was $3.5 B) and $46.8 B in April. And purchases over the last 12 months total $537.3 B. Overseas players also bought a net $1.7 B in U.S. assets in June after a revised $37.6 B pick up in May (was $32.9 B). Net sales of Treasury notes and bonds totaled $7.7 B, with $14.6 B in sales from official accounts partially offset by purchases of $7.1 B from private accounts. The latter have bought a total of $92.3 B in coupons since last June, while official account sales total -$99.7 B over the 12 months. Private accounts were also big buyers of equities ($22.9 B) and agency bonds ($25.5 B) in June. Japan was the largest purchaser of Treasury coupons at $21.9 B on the month, which brought its total holdings up to $1.123 tln, surpassing China again. This was followed by the UK at $18.0 B, Belgium at $13.1 B, and Hong Kong and Canada at $11.6 B and $11.1 B, respectively, with the Cayman Islands at $10.5 B. China bought $2.3 B to bring its total to $1.113 B. The "all other" account was the largest seller at -$17.9 B, followed by Singapore at -$10.8 B.