Foreigners bought US$103 billion of US securities in April, Treasury holdings rise
Among the largest holders of Treasury securities, Japan boosts its holdings to US$1.21 trillion in April
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[NEW YORK] Foreigners bought an estimated US$103 billion of US long-term securities in April while boosting their holdings of Treasury securities by US$4 billion, the Treasury said on Thursday (Jun 18) in its monthly Treasury International Capital (TIC) report.
Among the largest holders of Treasury securities, Japan boosted its holdings to US$1.21 trillion in April from US$1.19 trillion a month earlier, the report said.
UK holdings rose to US$938 billion from US$927 billion in February while China’s holdings dropped to US$651 billion from US$652 billion. The rise in Treasury holdings put total foreign holdings at US$9.353 trillion, up from March’s level but down from February’s record of US$9.49 trillion.
The report comes at a time when investors are closely scrutinising factors such as foreign demand for US debt given the Federal Reserve’s ongoing battle with inflation and a roaring bull market in AI-related stocks.
On Thursday, a US auction of five-year Treasury Inflation-Protected Securities was well received, reflecting in part the rise in recent weeks of inflation-adjusted “real rates” in the TIPS market.
The total in April of all net foreign acquisitions was a net TIC inflow of US$26.1 billion, Treasury said. Of this, net foreign private outflows were US$23.1 billion and net foreign official inflows were US$49.2 billion.
Foreign residents increased their holdings of long-term US securities in April, the Treasury added, with net purchases of US$206 billion. Net purchases by private foreign investors were US$164.4 billion and net purchases by foreign official institutions were US$41.6 billion. REUTERS
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