FX.co ★ US Capital Flow Decreases in January

Net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows resulted in a net TIC outflow of $25.0 billion in January 2026. Of this total, $76.1 billion reflected activity by private foreign investors, while $51.1 billion was attributable to foreign official institutions.

Foreign residents concentrated their activity in long-term U.S. securities, registering net purchases of $63.5 billion in January. This figure comprises $42.0 billion in net purchases by private investors and $21.4 billion by official entities.

At the same time, U.S. investors modestly increased their exposure to long-term foreign securities, with net purchases of $47.9 billion. Foreign residents reduced their holdings of U.S. Treasury bills by $10.2 billion, while their holdings of all dollar-denominated short-term U.S. securities and other custody liabilities rose by $17.8 billion.