The Debts of the Spenders: May TIC Data

Foreign institutions continue to sell treasuries.

Big exception here is China which decided to accrue more interest.

Treasury International Capital (TIC) Data for May

WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2009. The next release, which will report on data for June 2009, is scheduled for August 17, 2009.

Net foreign purchases of long-term securities were negative $19.8 billion.

• Net foreign purchases of long-term U.S. securities were $7.9 billion. Of this, net purchases by private foreign investors were $31.3 billion, and net purchases by foreign official institutions were negative $23.4 billion.

• U.S. residents purchased a net $27.7 billion of long-term foreign securities.

http://www.treasury.gov/press/releases/tg216.htm

For more info on TIC analysis:

http://ex-skf.blogspot.com/2009/07/
tic-treasury-international-capital-data.html