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Foreign Holders Dump A Whopping $40.8 Billion In Long-Term Treasuries

August 16th, 2013

market bondsMike Larson:  Did you hear the news out of the Treasury Department this recently? It was an absolute disaster for the bond market — and for good reason:

Foreign holders dumped a whopping $40.8 billion in long-term Treasuries, the biggest exodus from bonds in the history of the U.S.

Worse, June was actually the third month of mass dumping in the past four, for a total of $79 billion. China, the biggest holder of our bonds, unloaded $21.5 billion, while Japan, the second-largest holder, dumped $20.3 billion.

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The chart below says it all. The spikes on the right display the selling.


Click for larger version

It wasn’t just government bonds, either. Foreigners dumped $116 million of bonds made up of packaged U.S. mortgages. They sold $5.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae bonds, and $5 billion in corporate bonds. And they unloaded $26.8 billion of U.S. stocks.

All told, more international capital flowed out of U.S. markets than at any time in history, worse even than at the depths of the 2008 credit crisis.

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