NEW YORK, Oct 18 (Reuters) - Foreign purchases of U.S. corporate bonds surged in August as overseas investors showed a strong preference for corporate debt over other asset classes, the Treasury Department reported on Tuesday.
Net foreign purchases of U.S. corporate debt surged about 62 percent in August to $40.3 billion from $24.9 billion in July, according to Treasury's monthly international capital report.
Foreign investors bought more corporate bonds in August on net ...
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