Finance, US News, Wall Street

Foreigners Bought The Most Long-Term US Assets In March Ever

Foreigners Bought The Most Long-Term US Assets In March Ever

After four straight months of buying, China sold $3.8 billion in Treasuries in March (the latest period for which TIC data was just released), reducing its holdings to $1.1 trillion.

Source: Bloomberg

China was not alone:

  • Japan holds $1.24t, a decrease of $17.7b from last month

  • Belgium holds $235.8b of U.S. Treasuries, a decrease of $0.9b from prior month

  • Cayman Islands (hedge funds) hold $215.2b, a decrease of $0.8b from last month

  • Saudi Arabia holds $130.8b, a decrease of $2.1b from last month

However, overall Foreign Official Institutions bought the second most Treasuries for any month on record…

And overall foreign purchases of US long-term assets hit a record $208 billion in March…

With the biggest corporate bond buying binge since Lehman ($43.1 billion, the most since May 2008)…

And the biggest last-12-months buying of stocks ever (at $408 billion)

Quite an impressive set of flows as the rotation back from gold into bonds appears to be stabilizing…

We wonder how many central banks have been buying crypto?

Tyler Durden
Mon, 05/17/2021 – 16:16

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