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Foreign buying of Treasurys strong in November
WASHINGTON (MarketWatch) - Foreigners bought a net $26.4 billion of Treasurys in November, the strongest gain in three months, according to a report released by the Treasury Department on Wednesday. Gennadiy Goldberg, an economist at TD Securities in New York, said that foreign buying of Treasurys was moving back toward normal levels after being disrupted following the Fed's adoption of a third round of bond-buying in September. The Fed's decision in September to buy $40 billion per-month of mortgage-backed securities briefly depressed foreign purchases of Treasurys as investors flooded into the MBS sector. Foreign investors also increased their pace of purchases of corporate bonds, buying $10.9 billion in November, the highest cool amount since March 2010.
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