Treasury TIC flows: foreign accounts bought $33.8 B in total U.S. assets
Treasury TIC flows: foreign accounts bought $33.8 B in total U.S. assets in November versus $152.9 B in October (revised from $151.2 B). Overseas accounts also bought net $57.5 B in long term assets in November after purchasing $26.2 B previously (revised from $23.2 B). Foreigners sold $18.8 B in Treasury coupons, with private accounts selling $12.2 B and official accounts selling $6.7 B, after dumping $22.3 B in October. They also bought net $28.7 B in corporate bonds, $12.3 B in agency, and $12.7 B in stocks. China was the major seller at $12.6 B, followed by Japan at -$9.9 B and Singapore at -$6.2 B, while Ireland and the U.K. were the two biggest buyers at $16.3 B and $12.0 B, respectively.