U.S. Net Foreign Inflow Reach $212 Billion in November, Treasury Says

The U.S. Department of the Treasury released its Treasury International Capital (TIC) data for November 2025, showing a net inflow of $212.0 billion from foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows. Foreign private inflows contributed $167.2 billion, while foreign official inflows added $44.9 billion. Foreign residents increased their holdings of long-term U.S. securities by $221.8 billion, with private purchases of $157.8 billion and official purchases of $64.0 billion. U.S. residents also added $1.6 billion of long-term foreign securities. After adjustments, net foreign purchases of long-term securities totaled $220.2 billion in November 2025. Foreign holdings of U.S. Treasury bills rose $0.4 billion, but short-term dollar-denominated U.S. securities and other custody liabilities fell $6.5 billion. Banks' own net dollar-denominated liabilities to foreign residents decreased $1.7 billion in November 2025.