Foreign holdings of U.S. Treasury bonds fell again in August as China, the largest foreign owner of U.S, debt, trimmed its holdings for the third straight month. The Treasury Department announced Tuesday foreign holders of U.S. debt dropped 0.8 percent to $6.20 trillion in August following a 0.5 percent decline in July. In addition to China Japan, the second largest foreign holder, also reduced their holdings by 0.9 percent to #1.14 trillion in August.
Yahoo announced Tuesday an increase in third-quarter profit and usage of its email products despite disclosing a massive data breach last month. The number of mail messages sent and read, as well as the number of page views, rose slightly. The company posted a quarterly earnings of $162.8 million, or 17 cents a share and issued a stronger-than-expected earnings outlook for the 4th quarter. The only rain dampening Yahoo’s parade… deterioration in its core advertising business. Third-quarter revenue excluding commissions paid to partners fell 14% to $857.7 million, the seventh decline in the past eight for the key metric.
Asia: Asia markets closed mostly higher after China’s GDP grew at a steady pace in the third quarter.
Europe: European shares closed higher as investors reacted to corporate earnings.
U.S: More upbeat quarterly earnings helped lift U.S. markets, DJIA: +75.54 18162 S&P +13.10 2139.60 NASDAQ +44.01 5243.84
Word Of The Day:
Treasury Bond (T-Bond)
A fixed-interest U.S. government debt security with a maturity of more than 10 years. Known as a risk-free investment because they are issued and backed by the U.S. government with very little risk of default.
Dinner or Drink:
- 1 part DeKuyper® Crème de Cocoa White Liqueur
- 2 parts Jim Beam® Jacob’s Ghost® White Whiskey
- 2 parts Cream
Add ingredients to an ice-filled shaker. Shake and strain into a martini glass.