Tag Archives: TIC

It’s Always About The Treasury Flows

We have looked at the central bank holdings — both the Fed and foreign central banks — of marketable Treasury bills, notes, and bonds over the past twenty years and were quite surprised by our findings.   Our analysis may also … Continue reading

Posted in Bonds, China, Interest Rates, Japan, Uncategorized | Tagged , , , , | 1 Comment

China and Japan Continue To Reduce Treasury Holdings

The U.S. Treasury just released the August TIC (Treasury International Capital) data at the market close. The key takeaways: China and Japan, the U.S. government’s two largest foreign creditors, continue to reduce their Treasury holdings, both down $6 billion in … Continue reading

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Foreign Holdings Of U.S. Treasuries (TIC) – Jan ’18

The Treasury International Capital (TIC) flows for January are out today.    As we suspected, foreign central banks have been net sellers over the past few months. Looking at both private and official flows in China and Japan, the two … Continue reading

Posted in Bonds, Uncategorized | Tagged , | 8 Comments