---
source: U.S. Department of the Treasury
url: https://home.treasury.gov/news/press-releases/sb0418
document_type: html
date_retrieved: 2026-03-18
period: January 2026
parent_publication: Treasury International Capital (TIC) System
indicators_covered: [Overall Net Capital Flows, Net Long-term TIC Flows, Capital Flows Components]
---

# Treasury International Capital Data for January 2026

**Release Date:** March 18, 2026

## Executive Summary

The U.S. Department of the Treasury released Treasury International Capital (TIC) data for January 2026. The next release, which will report on data for February 2026, is scheduled for April 15, 2026.

## Key Findings

### Overall Capital Flows

The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a **net TIC outflow of $25.0 billion**. Of this:

- **Net foreign private outflows:** $76.1 billion
- **Net foreign official inflows:** $51.1 billion

### Long-Term Securities

Foreign residents increased their holdings of long-term U.S. securities in January; their net purchases were **$63.5 billion**:

- **Net purchases by private foreign investors:** $42.0 billion
- **Net purchases by foreign official institutions:** $21.4 billion

### U.S. Residents' Foreign Holdings

U.S. residents increased their holdings of long-term foreign securities, with net purchases of **$47.9 billion**.

### Adjusted Net Foreign Purchases

After including adjustments, such as estimated foreign portfolio acquisitions of U.S. stocks through stock swaps, overall net foreign purchases of long-term securities are estimated to have been **$15.5 billion** in January.

### Short-Term Securities

Foreign residents **decreased their holdings of U.S. Treasury bills by $10.2 billion**. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by **$17.8 billion**.

### Banking Flows

Banks' own net dollar-denominated liabilities to foreign residents **decreased by $58.3 billion**.

## Data Tables

### TIC Monthly Reports on Cross-Border Financial Flows
(Billions of dollars, not seasonally adjusted)

#### Foreigners' Acquisitions of Long-Term Securities

| Line Item | 2024 | 2025 Jan-25 | 2025 Jan-26 | Oct | Nov | Dec | Jan |
|-----------|------|-------------|-----------|-----|-----|-----|-----|
| Gross U.S. Sales of Domestic U.S. Securities | 70193.6 | 89320.1 | 71400.4 | 91676.5 | 8134.8 | 7814.6 | 9092.4 | 8543.1 |
| Gross U.S. Purchases of Domestic U.S. Securities | 69008.8 | 87708.7 | 70174.9 | 90003.5 | 8081.7 | 7597.3 | 8971.0 | 8479.6 |
| Domestic Securities, net U.S. sales (line 1 less line 2) | 1184.9 | 1611.4 | 1225.5 | 1673.0 | 53.1 | 217.3 | 121.4 | 63.5 |
| **Private, net** | 1190.3 | 1601.5 | 1294.2 | 1582.8 | 63.2 | 153.1 | 114.2 | 42.0 |
| Treasury Bonds & Notes, net | 516.6 | 458.3 | 480.6 | 438.1 | -33.1 | 45.2 | -5.9 | -0.7 |
| Gov't Agency Bonds, net | 127.2 | 112.9 | 120.7 | 122.7 | 20.4 | -10.9 | 13.3 | 15.1 |
| Corporate Bonds, net | 264.3 | 347.6 | 277.9 | 332.8 | 23.0 | 47.5 | 17.2 | 10.6 |
| Equities, net | 282.2 | 682.7 | 415.1 | 689.2 | 53.0 | 71.4 | 89.6 | 17.0 |
| **Official, net** | -5.5 | 9.8 | -68.7 | 90.2 | -10.1 | 64.1 | 7.2 | 21.4 |
| Treasury Bonds & Notes, net | -26.8 | -34.0 | -48.2 | 40.9 | -24.8 | 33.2 | -21.1 | 50.6 |
| Gov't Agency Bonds, net | -44.2 | -57.1 | -49.4 | -57.2 | 5.6 | -2.6 | -3.6 | -5.2 |
| Corporate Bonds, net | 40.2 | 39.2 | 33.2 | 42.1 | 1.7 | 10.3 | 0.5 | 1.3 |
| Equities, net | 25.3 | 61.7 | -4.4 | 64.4 | 7.3 | 23.2 | 31.4 | -25.3 |

### Summary of Net Portfolio Flows

| Component | Value ($ Billions) |
|-----------|-------------------|
| Net Foreign Acquisition of Long-Term Securities | 15.5 |
| Increase in Short-Term Securities and Custody Liabilities | 17.8 |
| Change in Banks' Dollar-Denominated Liabilities | -58.3 |
| **Monthly Net Portfolio Inflows** | **-25.0** |

### Breakdown by Foreign Investor Type

| Investor Type | Value ($ Billions) |
|-----------|-------------------|
| Private Sector, net | -76.1 |
| Official Institutions, net | 51.1 |
| **Total Net Inflows** | **-25.0** |

## About TIC Data

The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data. These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy.

For example, if a U.S. Treasury security purchased by a foreign resident is held in a custodial account in a third country, the true ownership of the security will not be reflected in the data. The custodial data will also not properly attribute U.S. Treasury securities managed by foreign private portfolio managers who invest on behalf of residents of other countries.

In addition, foreign countries may hold dollars and other U.S. assets that are not captured in the TIC data. For these reasons, it is difficult to draw precise conclusions from TIC data about changes in the foreign holdings of U.S. financial assets by individual countries.

## Complete Data

Complete data are available on the Treasury website at [https://home.treasury.gov/data/treasury-international-capital-tic-system](https://home.treasury.gov/data/treasury-international-capital-tic-system).

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*Press Release: Treasury International Capital Data for January*
*U.S. Department of the Treasury, Office of Public Affairs*
*Released: March 18, 2026*