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US treasuries in less demand

With US short rates falling sharply, the long-term dollar outlook remains weak and this likely means that foreign net buying of US Treasury securities will continue its downward trend, DBS Bank said in a paper released last week.

Published on March 10, 2008

DBS Research Group said it was noteworthy that the downtrend so far had been due to a slowing of net buying by official rather than private entities. Data show that foreign purchases by private entities are still trending sideways, while those by official entities have ground to a halt on a six-month moving-average basis.

This suggests that risks probably lie more with private interests in US debt than official ones, in which regard the US$9.8 billion (Bt309 billion) of net selling by private entities in December last year, despite flight to quality,

The Nation

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US treasuries in less demand

With US short rates falling sharply, the long-term dollar outlook remains weak and this likely means that foreign net buying of US Treasury securities will continue its downward trend, DBS Bank said in a paper released last week.

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