Foreign investors sell U.S. debt

08/16/2013 | Bloomberg

(Brian Kersey/Getty Images)

Foreign sales of U.S. Treasurys increased in June for the second consecutive month, according to the Treasury Department. Net outflow for long-term portfolio investment reached $66.9 billion, up from $27 billion in May. "Changing expectations for the future path of [Federal Reserve] policy led to some significant deleveraging," said Thomas Simons, a government-debt economist at Jefferies.

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