• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 3 hours Here's your favourite girl, Tom!
  • 5 hours China's Blueprint For Global Power
  • 3 hours Peaceful demonstration in Hong Kong again thwarted by brutality of police
  • 5 hours Brexit agreement
  • 9 hours Australian Hydroelectric Plant Cost Overruns
  • 13 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 12 hours IMO 2020:
  • 12 mins Nigeria Demands $62B from Oil Majors
  • 21 hours The Ultimate Heresy: Technology Can't Fix What's Broken
  • 5 hours 5 Tweets That Change The World?
  • 4 hours Bloomberg: shale slowing. Third wave of shale coming.
  • 9 mins ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 7 hours The Problem Is The Economy, Not The Climate
Alt Text

Hated Energy Stocks May Be About To Rebound

Energy stocks are remarkably cheap…

Alt Text

What Beijing’s Retaliation Means For Oil

China has fired back against…

Alt Text

Chevron To Buy Anadarko In $33B Deal

Chevron announced that it has…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Where's the Great Treasuries Collapse?

Despite all the talk that foreigners (China, Japan, et al.) will flee U.S. government bonds, the market remains stubbornly buoyant.

Last week we got the latest numbers on foreign buying of U.S. securities. And they once again looked strong.

In April, foreign buyers picked up a net $76 billion in Treasuries. The third-highest monthly total ever.

It's clear from the chart below foreign buying remains in an uptrend.

US Treasury Bonds

One of the important questions is: who's buying? Answering this, however, is growing more difficult.

We know that Japan picked up $13 billion in April. A significant chunk of the buying. The only other notable purchaser was the U.K., which bought a whopping $42 billion. Over 55% of total purchases.

But residents of many other nations bank through London. Likely accounting for some portion of the $42 billion. The exact nationality of these buyers remains a mystery (as with buying from other banking centers like the Caribbean).

But one thing is for certain. The big global players (China, Japan and Europe) are not selling out of U.S. bonds. In fact they appear to be upping their purchases. We'll see what the data for May brings next month.

By. Dave Forest of Notela Resources




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play