US DATA: January TICS data show net foreign purchases of US L-T
securities at a very modest $19.1 bn ve unrevised +$63.3 bn Dec. Foreign
investors bought $36.1 bn of US securities while US investors bought $17
bn of foreign securities. Within the foreign buying, private investors
bought $40.3 bn of US securities (strong buying of Tsys and heavy
selling of Corp bonds) while official insts. were net sellers of $4.2
bn. Monthly net TIC flows were -$33.4 bn. Tsys flows by country show
China net seller of $5.8 bn, OPEC +$11.0bn, UK +$27.9 bn, Carib +$15.3,
Russia -$17.6 bn, Taiwan +$3.1 bn, Switzerland -$5.3 bn, Lux -$9.3 bn,
France +$5.4 bn.