October Treasury International Capital Data Released
On January 15, 2026, the U.S. Department of the Treasury is set to release the Treasury International Capital (TIC) data for November 2025. This follows the recently published TIC data for October 2025, which indicates significant trends in foreign investment and U.S. securities.
October Treasury International Capital Data Highlights
In October 2025, the total net foreign acquisitions across long-term securities, short-term U.S. securities, and banking flows culminated in a net TIC outflow of $37.3 billion. This figure represents a complex interplay of purchases and sales involving foreign and U.S. investors.
Breakdown of Foreign and Domestic Transactions
- Net Foreign Private Outflows: $18.1 billion
- Net Foreign Official Outflows: $19.2 billion
Despite the overall outflow, foreign residents increased their investments in long-term U.S. securities, with a total of net purchases amounting to $38.9 billion.
Details on Long-Term Securities Purchases
- Private Foreign Investors’ Net Purchases: $49.0 billion
- Net Sales by Foreign Official Institutions: $10.1 billion
U.S. residents also raised their stakes in long-term foreign securities, registering net purchases of $21.4 billion. Adjustments for foreign portfolio acquisitions through stock swaps suggest that the total net foreign purchases of long-term securities in October were approximately $17.5 billion.
Changes in Short-Term Securities and Liabilities
Foreign investment in U.S. Treasury bills saw a notable uptick, with an increase of $21.8 billion. Additionally, holdings of dollar-denominated short-term U.S. securities and other custody liabilities climbed by $21.5 billion. Conversely, banks’ own net dollar-denominated liabilities to foreign residents decreased by $76.3 billion.
Importance of TIC Data
The TIC data serves as a critical resource for understanding the landscape of foreign ownership of U.S. securities. However, it is essential to note that these figures are derived primarily from custodial data, which may not accurately reflect true ownership. For instance, securities held in custodial accounts in third countries may not be correctly attributed, complicating the analysis of foreign holdings in U.S. financial assets.
In conclusion, the October Treasury International Capital data provides valuable insights into the evolving dynamics of international finance and investment patterns. The imminent release of November data will further enhance understanding in this arena.
