TIC flows

  • Prior +$7.7B revised to +$5.9B
  • Long-term TIC flows +$1.3B vs +$34.4B prior
  • China's holdings of Treasuries rise for the sixth consecutive month

Asset flows in a month-to-month view don't tell you much. It's how they shift over years that paints the picture, but it's only possible to make sense of by looking over a decade.