Thomson Financial News - Net foreign acquisition of long-term U.S. securities were $102.8 bln, most of which came in the form of both private and official purchases of Treasury bonds. Recent trends on long-term inflows are more than sufficient to cover the U.S. current account deficit, which currently totals $168.6 bln. The bottom-line from this report is that overseas demand for U.S. long-term securities remained strong in April, and in the first quarter of 2008, notwithstanding downward pressure on the U.S. dollar and extremely turbulent conditions in world financial markets. This indeed is positive news overall.
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