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In June Foreigners Bought Fewest US Securities Since December 2011; Biggest Corporate Bond Outflow Since January 2010

Tyler Durden's picture




 

The June TIC data is out, in which we find that June was not a good month for non-US Treasury purchases by foreigners. While foreign private and public sources of buying did splurge on US Treasurys in June, purchasing a total of $32.4 billion of US paper, every other category experienced a sell off, with Agencies down $604MM, Corp Equities down $4.3 billion and Corporate bonds down a whopping $22 billion: this is the second biggest corporate bond outflow on record, topped only by the $25 billion in January 2010. Overall, June saw only $5.5 billion of net inflows into US securities, the lowest of 2012, and higher only than the big December 2011 outflow of ($17.6) billion. Still despite the big repositioning out of corporates and into Treasurys in the month in which the wheels seemed set to fall off the cart, there was little impact on the corporate market. The historical purchases and sales of US securities by foreigners can be found below.

 

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Wed, 08/15/2012 - 09:23 | 2706419 malikai
malikai's picture

Who wants that dogshit?

Oh, I know, the fed.

Wed, 08/15/2012 - 09:32 | 2706447 bushwarcrime
bushwarcrime's picture

Me and me mates bailed on this a long time ago suckazzz!

 

Wed, 08/15/2012 - 09:33 | 2706454 resurger
resurger's picture

Crispy!

Wed, 08/15/2012 - 09:30 | 2706438 LawsofPhysics
LawsofPhysics's picture

The Fed, is the only buyer.  I wonder what this private banking cartel will want in exchange for debt they know can never be paid off.  Hhmm, what have they extracted from humanity in the past?  Oh crap...

Wed, 08/15/2012 - 09:33 | 2706453 Abraxas
Abraxas's picture

Slowly but surely, they'll take EVERYTHING. This is not just about a few tons of gold, or regional military dominance, or mind control. The War of the Ring is being fought and Sauron is playing for the absolute dominance. Anything short of that doesn't cut it.

Wed, 08/15/2012 - 09:31 | 2706442 GERxit
GERxit's picture

Money gotta go somewhere. But sometimes "somewhere" is not the right direction!

GOLD B*****Z!

Wed, 08/15/2012 - 09:31 | 2706444 mrktwtch2
mrktwtch2's picture

guess they are broke too?? glad to know im not alone..lol

Wed, 08/15/2012 - 09:32 | 2706445 vertexa
vertexa's picture

Syracuse New York Headed For Bankruptcy, 100% Certain...

Without a doubt Syracuse, New York is headed for bankruptcy. Not only is there an "official denial" but the mayor of Syracuse is seeking legal guidance on municipal bankruptcy. 

Once again, public union wages and benefits, especially police and firefighters' pensions are smack in the midst of it.

Please consider this news headline which I openly mock: Expert says bankruptcy for Syracuse is unlikely, but mayor should explore option

Wed, 08/15/2012 - 09:35 | 2706461 bushwarcrime
bushwarcrime's picture

Nice town, don't swim in the lakes, jeepers creepers.

Wed, 08/15/2012 - 09:36 | 2706468 Jason T
Jason T's picture

I live near there.. it's got a good zoo but you can tell, the city is shot and especially affordable.  Got an old 1800's Erie Canal boom time built bank that was built with a disgusting Bank of America sign on it.   http://loycehoodphoto.blogspot.com/2009/06/bank-of-america-syracuse-ny.h...

Wed, 08/15/2012 - 10:30 | 2706653 rtalcott
rtalcott's picture

You are correct....that BoA sign on that beautiful building is fugly/tasteless..

Wed, 08/15/2012 - 09:32 | 2706451 Cognitive Dissonance
Cognitive Dissonance's picture

The herd junkies are beginning to crowd around the exit door, all the while begging Ben to fire up the helicopter.

Hold.............HOLD...........HOLD

Wed, 08/15/2012 - 09:46 | 2706492 Abraxas
Abraxas's picture

Who knows CD? You might be right, yes, but they might have an ace or two up their sleeves yet. We're like Hobbits, too little to know or matter, and this time there are no Elfs, Aragorn or even Gandolf to help us. And whoever heard of a Hobbit revolution.

Wed, 08/15/2012 - 09:58 | 2706527 dottjt
dottjt's picture

Who even masturbates to lord of the rings anymore? 

Wed, 08/15/2012 - 10:02 | 2706546 Abraxas
Abraxas's picture

So, you are the one that fantasized being gang-raped by the Orcs.

Wed, 08/15/2012 - 09:34 | 2706459 awakening
awakening's picture

Someone pull the plug and end this <censored> already! *Impatiently awaits the great reset.*

Wed, 08/15/2012 - 09:43 | 2706486 jimmyjames
jimmyjames's picture

China's export trade has weakened so it only makes sense that treasury purchases are down-

*************

China's trade growth has fallen steadily this year as global demand for its exports cooled and efforts to boost domestic consumption have failed to gain traction as fast as the government hoped.

In July, its global trade surplus narrowed by 20.3 per cent from July 2011 to $US25.1 billion ($A23.83 billion) but was this year's second biggest after June's $US31.7 billion

http://www.thebull.com.au/articles/a/30490-china-trade-growth-weakens-in...

Wed, 08/15/2012 - 09:48 | 2706491 Monedas
Monedas's picture

"Sold some drugs .... got paid with a gold Maple .... the drugs will soon be gone .... my Maple is safe at the bottom of my cesspool !".... Anonymouse              Monedas      1929        Comedy Jihad Strong And Stinky Hands      Disclaimer/ON

Wed, 08/15/2012 - 09:49 | 2706499 Hype Alert
Hype Alert's picture

In a rigged/captured market, it becomes increasingly difficult to buy anything.  Nothing is trusted.

Wed, 08/15/2012 - 09:50 | 2706501 GERxit
GERxit's picture

Who wants to buy that crap when you can pick up garbage from the streets for free!

Wed, 08/15/2012 - 11:05 | 2706771 K_I_T_T_Y
K_I_T_T_Y's picture

Why should a foreign investor want to buy US stocks? If he is unlucky and dies, the heir gonna pay US inheritance tax on it...

Wed, 08/15/2012 - 11:14 | 2706802 smlbizman
smlbizman's picture

not ten minutes ago those puppet bitches on bloomberg were touting the foriegn money that is "pouring" into us equites......when we order the rope make sure we get enough for all these culpable mouth pieces..

Wed, 08/15/2012 - 11:31 | 2706847 boiltherich
boiltherich's picture

Not only was the TIC under 10 billion (when we need at least 12 times that much to finance the twin trade/fiscal gaps) but CNBS hit a new high for misleading headlines:

Foreign Investors Are Pouring Money Into This Country

 

The headline implies that money is FLOODING into America, until you click on the link and find the story is actually about investment in Turkey.  CNBS has posted some bald faced lies over the years, and some really near comical misleading pieces, but this is so Orwellian it is sinister. 

Do NOT follow this link or you will be banned from the site!