The TIC data showed another strong month for inflows, with net foreign acquisitions of long- and short-term U.S. securities plus banking flows totaling $187.1 billion in August and $190.1 billion in September, highlighting continued robust foreign demand for U.S. financial assets.

• Foreign purchases of long-term U.S. securities totaled $181.2 billion in August and $208.5 billion in September, reflecting solid demand across both months, though foreign official institutions were net sellers in each period.
• Private foreign investors bought $196.4 billion of long-term U.S. securities in August and $210.7 billion in September, while official institutions sold -$15.1 billion and -$2.2B, respectively, showing the divergence between private appetite and official repositioning.
• U.S. investors increased their holdings of long-term foreign securities by $47.0 billion in August and $28.7 billion in September, indicating continued outbound portfolio investment.
• After adjustments, overall net foreign purchases of long-term securities were estimated at $134.2 billion in August and $179.8 billion in September, underscoring strong foreign participation even after accounting for stock swaps.
• Foreign holdings of U.S. Treasury bills rose +$25.0 billion in August but fell -$22.0 billion in September, while broader short-term holdings increased +$12.1 billion in August and declined -$8.3 billion in September, pointing to mixed positioning in short-dated instruments.
• Banks’ net dollar liabilities to foreign residents increased +$40.8 billion in August and +$18.6 billion in September, contributing to the overall inflow in both months.