The U.S. Department of the Treasury has released the Treasury International Capital (TIC) data for March 2025, revealing a net TIC inflow of $254.3 billion. This figure includes net foreign private inflows of $259.2 billion and net foreign official outflows of $4.9 billion.
In March, foreign residents increased their holdings of long-term U.S. securities by a net amount of $183.2 billion. Of this total, private foreign investors contributed $146.0 billion, while foreign official institutions accounted for $37.3 billion in net purchases.
U.S. residents also expanded their holdings of long-term foreign securities with net purchases totaling $21.5 billion during the same period.
When adjustments are made for factors such as estimated foreign portfolio acquisitions through stock swaps, overall net foreign purchases of long-term securities are estimated at $161.8 billion in March.
Foreign residents further increased their holdings of U.S. Treasury bills by $98.3 billion and all dollar-denominated short-term U.S. securities and other custody liabilities rose by $98.6 billion.
Meanwhile, banks' own net dollar-denominated liabilities to foreign residents saw a decrease of $6.1 billion.
These statistics provide insight into cross-border financial flows but have limitations regarding the precise attribution of ownership due to custodial data constraints.
The next TIC report, covering April 2025 data, is expected on June 18, 2025.
