The U.S. Department of the Treasury released its Treasury International Capital (TIC) data for October 2025, showing a net outflow of $37.3 billion from foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows.
According to the report, net foreign private outflows totaled $18.1 billion, while net foreign official outflows were $19.2 billion.
Foreign residents increased their holdings of long-term U.S. securities in October with net purchases reaching $38.9 billion. Private foreign investors accounted for $49.0 billion in net purchases, while foreign official institutions reported net sales of $10.1 billion.
U.S. residents also increased their holdings of long-term foreign securities with net purchases amounting to $21.4 billion during the month.
When adjustments are included—such as estimated acquisitions of U.S. stocks through stock swaps—the overall net foreign purchases of long-term securities are estimated at $17.5 billion for October.
Foreign residents raised their holdings of U.S. Treasury bills by $21.8 billion, and total holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by $21.5 billion.
Banks’ own net dollar-denominated liabilities to foreign residents declined by $76.3 billion.
The Treasury noted that TIC data are collected mainly on a custodial basis and may not always accurately reflect true ownership when securities are held in third countries or managed by portfolio managers on behalf of others abroad.
“These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy,” according to the release from the Treasury Department.
The next TIC report covering November 2025 is scheduled for release on January 15, 2026.
Complete data can be found on the Treasury website.
