Foreign residents increased their holdings of long-term U.S. securities in July — net purchases were $24.6 billion. Net purchases by private foreign investors were $10.4 billion, and net purchases by foreign official institutions were $14.2 billion. At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $15.1 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $9.5 billion. After adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, are included, the overall net foreign acquisition of long-term securities is estimated to have been negative $17.2 billion in July.
Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased $36.5 billion. Banks’ own net dollar-denominated liabilities to foreign residents decreased $7.6 billion.
In sum, the net foreign acquisitions of long-term securities, the change in foreign holdings of short-term U.S. securities, and banking flows yielded monthly net TIC outflows of $51.8 billion. Of this, net foreign private outflows were $44.4 billion, and net foreign official outflows were $7.4 billion.
Source: US Dept of Treasury
Hit Counter
Posts
No comments:
Post a Comment