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Highlights
Net foreign purchases of long term U.S. securities dipped to a still adequate $58.1 billion in February vs. January's very strong $98.8 billion. Private foreign purchases, led once again by corporate bonds, totaled $65.3 billion, strong but down from $104.5 billion in January. Official purchases, spread evenly between categories, were little changed at $12.6 billion. Foreigners showed moderate demand for U.S. equities but still in continuing improvement from trend. Purchases of foreign securities by U.S. residents fell $19.8 billion in the month.
Demand for U.S. securities remains strong, pointing to continued funding of the nation's trade and fiscal deficits. Bonds and the dollar showed little reaction to today's results.
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