Foreigners rushed back into U.S. assets in October, after they fled from them in September on fears that the government could default on some of its debt obligations, U.S. Treasury data showed on Monday.
Foreigners bought $194.9 billion more in U.S. stocks and bonds than what they sold in October, compared with a net sale of $97.6 billion in September. The September net sale was originally reported at $106.8 billion.
Investors raised their holdings of long-term U.S. securities in October for a second straight month by $35.4 billion. This followed a $31.3 billon increase in September, which was adjusted from an originally reported $25.5 billion.
Treasury holdings rose by $39.71 billion in October, followed an upwardly revised $28.5 billion in September.