Foreigners buy more at U.S. bond auctions in late August

(Adds background on latest data)
NEW YORK, Sept 10 (Reuters) - Foreign investors bought more
U.S. government debt at auctions in late August, hinting at a
pause from their pullback in purchases due to global trade
tension and a strong dollar, government data released on Monday
showed.
The U.S. Treasury Department awarded overseas private and
government accounts $4.426 billion of the $36 billion worth of
two-year note supply, the most since February, according to the
Treasury's auction allotment data.
Offshore investors bought $3.134 billion of the $37 billion
in five-year Treasuries offered, up from the $2.833 billion they
purchased in July.
The Treasury allotted $4.909 billion of the $31 billion in
seven-year notes to foreign investors, their highest amount
since February.
As foreign purchases recovered a bit last month, large fund
managers bought modestly less Treasury supply.
They bought $15.372 billion of the latest two-year note
supply, down from $16.922 billion the previous month.
The U.S. Treasury awarded fund managers $23.494 billion of
five-year notes offered in August, a tad more than the $23.292
billion it allotted in late July.
Fund managers ended up with $18.501 billion of seven-year
debt supply, down from $18.790 billion the month before.

(Reporting by Richard Leong
Editing by James Dalgleish)


2018-09-10 22:02:15

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