US Records Net TIC Inflow in August

The US recorded a net Treasury International Capital (TIC) inflow of $199.8 billion in August 2026, reflecting foreign acquisitions of long-term and short-term US securities, as well as banking flows. Net foreign private inflows totaled $178.5 billion, while net foreign official inflows reached $21.3 billion. Foreign residents made $300.7 billion in net purchases of long-term US securities, including $257.8 billion by private investors and $42.9 billion by official institutions. In contrast, foreign residents reduced their holdings of US Treasury bills by $47.8 billion. Holdings of other dollar-denominated short-term US securities and custody liabilities declined by a combined $37.8 billion. Meanwhile, banks’ net dollar-denominated liabilities to foreign residents fell by $41.6 billion.

Net foreign acquisitions of long-term securities, short-term US securities and banking flows resulted in a net TIC inflow of $83.7 billion in July 2026. Net foreign private inflows totaled $73.5 billion, while net foreign official inflows reached $10.2 billion. Foreign residents increased their holdings of long-term US securities, with net purchases of $40.6 billion, including net sales of $3.7 billion by private foreign investors and net purchases of $44.4 billion by foreign official institutions. US residents increased their holdings of long-term foreign securities, with net purchases of $68.5 billion. After adjustments, overall net foreign sales of long-term securities were estimated at $27.9 billion. Foreign residents also increased their holdings of US Treasury bills by $38.8 billion, while holdings of all dollar-denominated short-term US securities and other custody liabilities rose by $65 billion.

Net foreign acquisitions of long-term securities, short-term US securities and banking flows resulted in a net TIC inflow of $133.5 billion in June 2026. Net foreign private inflows totaled $85.0 billion, while official inflows reached $48.4 billion. Foreign residents increased their holdings of long-term US securities, with net purchases totaling $207.1 billion. Private foreign investors accounted for $169.8 billion, while official institutions purchased $37.3 billion. US residents also increased their holdings of long-term foreign securities, with net purchases of $34.4 billion. After adjustments, overall net foreign purchases of long-term securities were estimated at $172.7 billion in June. Foreign residents reduced their holdings of US Treasury bills by $29.0 billion, while holdings of dollar-denominated short-term US securities and other custody liabilities fell $4.9 billion.