July TIC Data

September 25th, 2007 by GoldSilver | Posted in Economic News |

The “quality” of the financing of the US deficit fell dramatically. Almost all the inflows, including almost all the net official inflows, were short-term. Foreign demand for US corporate debt — a category that includes mortgage-backed securities and CDOs — was way down. Indeed it was the lowest since 1995. That is unlikely to have changed in August or September.

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