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Foreigners Sold A Record Amount Of US Stocks In The Last 12 Months, China Dumped More USTs In June
According to the latest data on Treasury International Capital flows, foreigners sold $231.5BN in US stocks in the past 12 months – the biggest trailing-twelve-month sales on record…
Foreigners have sold US stocks for 6 consecutive months (that is the 2nd longest stretch on record with only the non-stop selling in mid-2018/early-2019 was longer)…
Aside for stocks, which saw $25.4BN in sales in June, every other asset class was bought: TSYs +$58.9BN, Agencies +$23.7BN, Corporate Bonds +$14.BN
That is 6 consecutive months of corporate bond purchases and 16 of the past 18 months…
Meanwhile US Treasuries were bought 7 of past 8 months and 11 of past 13, even though China dumped US Treasuries for the 7th straight month – the longest stretch of selling on record – to its lowest level of holdings since June 2010…
Overall, Treasury holdings continue to trend lower as gold holdings increase…
…as de-dollarization continues.
Tyler Durden
Mon, 08/15/2022 – 17:45
