As a reminder, US Treasury yields spiked in September and stocks tumbled - the latest period for which we have TIC data.
The breakdown was as follows:
Long-term Treasuries: +$1.4BN, the smallest since May, and down from $30.7BN in August
Agencies +$22.7BN, most since June, and up from $17.7BN in August
Corporate bonds +1.1BN, down sharply from $14.7BN in August
Corporate Stocks were sold for $(10.9)BN, a reversal from the $8.7BN purchased in August
Japan remains the largest foreign holder of US Treasuries ($1.3 tn) but in September (the latest TIC data), it dumped over $20 billion (the biggest monthly liquidation since September 2019)
China, which holds $1.05 tn in US Treasuries, made a small buy of $0.6 bn in September - hovering at its lowest holdings since Dec 2016...
Sales of US stocks by foreigners: $12.7BN in sales from Private entities, offset by $1.7BN in purchases by Official (central bank, reserve manager) accounts
And foreign central banks have been dumping US Treasuries for 5 straight months...
Luckily The Fed will buy the bonds and Retail options traders will BTFD in stocks...