Treasury TIC flows: foreign accounts sold a net $38.5 B in total U.S. assets
Treasury TIC flows: foreign accounts sold a net $38.5 B in total U.S. assets March, after purchasing $44.5 B in February (revised from $44.7 B). The data also showed foreign accounts bought a net $61.8 B in long term securities in March, on top of the $49.0 B purchased in February. Of the net $38.5 B in sales, private accounts dumped $41.9 B, while official accounts bought $3.4 B. There was a net selling of $4.9 B in Treasury coupons. The U.K. was the largest purchaser of Treasury notes and bonds at $13.2 B, followed by Brazil with $13.1 B and China at $11.0 B. Japan was the biggest seller at -$16.0 B, with Thailand next at -$10.8 B, followed by Norway at -$10.2 B.