Friday, April 17, 2009

The Debts of the Spenders: Another Look at TIC Data - Foreign Official Institutional Flows

I had previously written about the large jump in Japanese institutional purchases of Treasuries. Here is a more detailed perspective:

Net foreign purchases of long-term securities were $22.0 billion.

  • Net foreign purchases of long-term U.S. securities were $20.8 billion. Of this, net purchases by private foreign investors were $25.9 billion, and net purchases by foreign official institutions were negative $5.1 billion.
  • U.S. residents sold a net $1.2 billion of long-term foreign securities.

Monthly net TIC flows were negative $97.0 billion. Of this, net foreign private flows were negative $106.3 billion, and net foreign official flows were positive $9.3 billion


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