U.S. TIC report showed foreigners purchased net $27.3 B in longer term
U.S. TIC report showed foreigners purchased net $27.3 B in longer term assets in December after buying $57.5 B in November. It's a 12th straight month of purchases. Meanwhile, net outflows totaled $119.3 B, after purchasing $33.5 B in November (revised from $33.8 B), and of that, private accounts sold $70.0 B while official account liquidated $49.3 B. Foreign accounts sold nearly $16 B in Treasury coupons, a 3rd consecutive monthly drop. Japan was the largest seller of coupons, dropping $22.6 B, followed by -$8.6 B from Turkey and -$8.5 B from Brazil. The U.K. and China were the largest buyers in December, picking up $12.5 B and $8.3 B, respectively.