Monday, August 17, 2009

TIC Data; Chinese Holdings Decrease, While Treasury and Equities Buying Stays Strong

Complete TIC data here.

"Treasury International Capital data show a big jump in foreign buying of long-term U.S. financial assets in June, at a net plus $90.7 billion for the strongest reading of the year vs. a net minus $19.4 billion in May (minus $19.8 billion initially reported)"(Bloomberg)

"Foreign demand was centered in Treasury coupons, at a net plus $100.5 billion... Foreigners were also very big buyers of equities where the net gain was $19.1 billion."

Agencies and Corporates were the weak spot.

Chinese holdings drop by $25.1 Bil, Japan holdings up by $34.6 Bil