Interest Rate Roundup

Monday, March 16, 2009

TIC data shows big U.S. security selling

Ever month, the Treasury Department releases data on international purchases and sales of U.S. assets. The figures are broken down by category -- Treasury bonds, agency bonds, stocks, and so on. The January numbers just came out, and they show substantial selling on a net basis. Foreign investors sold a net $43 billion of long-term securities in January, a big swing from +$34.7 billion in December. The selling was focused in agency bonds (think Fannie, Freddie debt) and corporates. There was fairly strong demand for Treasuries (+$12.6 billion, up slightly from December).


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