US Tic Flow Data (Mar.): Net foreign holdings of US Treasury bonds and notes + USD 13.5bln (prev. +2.6bln M/M)

The latest TIC Flow data shows a net increase in foreign holdings of US Treasury bonds, rising by USD 13.5 billion in March, which suggests a solid demand for US debt despite a prior increase of only USD 2.6 billion.

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Holdings (USD, M/M)

  • Japan: 1.192tln (prev. 1.239tln). 
  • UK: 927bln (prev. 897bln). 
  • China: 652bln (prev. 693bln). 
Context

Notably, while the UK has boosted its holdings, Japan and China have reduced theirs, potentially indicating shifts in foreign investor sentiment that could impact the dollar and yield dynamics moving forward.

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