FX.co ★ US Capital Flow Increases in December

In December 2025, net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows resulted in a net TIC inflow of $44.9 billion. Of this total, $32.7 billion originated from private foreign investors, while $12.2 billion came from foreign official institutions.

Foreign residents concentrated their activity in long-term U.S. securities, registering net purchases of $62.9 billion. Private investors accounted for $55.7 billion of this amount, with foreign official entities contributing the remaining $7.2 billion. At the same time, U.S. investors modestly increased their exposure to long-term foreign securities, with net purchases of $34.9 billion.

Foreign residents also boosted their holdings of U.S. Treasury bills by $9.7 billion. In addition, their aggregate holdings of all dollar‑denominated short-term U.S. securities and other custody liabilities rose by $12.1 billion.