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Foreign demand steadies at US Treasury auctions in June

Kitco Media
By Reuters
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Reuters
Foreign demand steadies at US Treasury auctions in June teaser image

NEW YORK, June 8 (Reuters) - Foreign investors increased purchases of two- ​and five-year U.S. Treasury ‌notes while slightly reducing demand for seven-year debt at an ​auction earlier this ​month, amid signs of tensions ⁠in the Middle East ​easing, U.S. Treasury Department data ​released on Monday showed.

Foreigners bought $9.923 billion of the latest two-year notes ​earlier in June, up ​from $9.158 billion in the auction in ‌late ⁠April.

They also took $8.946 billion of five-year notes, up 6.3% from $8.417 billion in April.

However, ​overseas investors ​trimmed ⁠their purchases of seven-year debt in June ​to $5.651 billion, versus ​April's $5.817 ⁠billion.

Overall, the Treasury offered $79 billion in two-year notes, $80 billion ⁠in ​five-year debt, and $50 ​billion in seven-year securities.

Reporting by Gertrude ​Chavez-Dreyfuss; Editing by Sonali Paul

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