The primary concern is mainland China, where there was a marked slowdown in Long-Term Treasury (Bond) purchases: $26.6 billion were purchased in June, with $15.3 billion in July. China's exodus in all other LT securities continues: ($2.1) billion, ($0.3) billion and ($0.1) billion sold in Agencies, Corporates and Stocks, respectively. In the short-term category, China flipped its aggressive selling which is June was ($52) billion, and purchased $8.8 billion in total Short-Term Treasury securities. It appears domestic sources of capital (US Investors and, of course, the Fed) are becoming the prevalent source of funding when it comes to US Treasury purchases. As a frame of reference the Fed, via various POMOs, purchased $41.5 billion in USTs. Also, in July, the US Treasury issued $174 billion in various maturities.