Foreign buying bonanza
Basically, foreigners are still showing a healthy appetite for our assets. It seems that optimism the Fed was done hiking rates, and a belief the economy and inflation would slow, prompted buyers to step up to the plate in spades. But the question now becomes, what next? Bonds have gotten hit pretty hard in the past couple weeks amid signs we're not exactly seeing economic Armageddon. Will tons of foreign money continue to flow into U.S. debt if oil prices start rising again (they are) and if the economy re-accelerates (which it might be in the process of doing)?