Global investors are still highly valuing U.S. treasury bills, which are seen as a safe haven investment despite the country’s fiscal budget deadlock and threat of a "fiscal cliff". Data from the US Treasury shows that foreign cash inflows reached 67.3 billion US dollars last December, an over six-billion jump from the month earlier.
Among the top US debt buyers, China took in 19.7 billion US dollars. Japan bought another 2.5 billion US dollars, enlarging the pool to 1.12 trillion. Britain also increased its holdings by 8.5 billion US dollars.
Yet, analysts say this capital flow usually reflects purchases of other countries, as London is a key global financial hub. Investment from other parts of the world also boosted their shares in the greenback during the period.
The US government was mired in the talks of spending cuts and debt-ceiling lifts last December, until a temporary deal was finally reached early this year.
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