International demand for U.S. financial assets cooled in December amid optimism Europe would resolve its debt crisis.
Net buying of long-term equities, notes and bonds totaled $17.9 billion during the month compared with net purchases of $61.3 billion the previous month, the Treasury Department said Wednesday in Washington. Including short-term securities such as stock swaps, foreigners bought a net $87.1 billion in December compared with net buying of $42.9 billion the previous month.
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