Foreigners Dump A Record $205BN In US Stocks In Past Year

Led by selling from Belgium (whose Euroclear is often seen as a proxy for China), down $10.1 BN...

...foreign central banks dumped Treasuries for the 5th consecutive month (-$157bn), and 10th of last 11 months (-$252bn)...

... although much of this was offset by buying from private accounts.

After the biggest selling since May 2016 last month, Saudis resumed buying USTs in February.

China and Japan were also modest buyers of USTs...


But the real action was away from the bond market, where TIC data showed that foreigners sold US stocks for a record 10th consecutive month and 12 of the past 13:

The aggregate $205 billion sale in the past 12 months, is the largest liquidation of US equities by foreigners on record.

Luckily, global money supply - mostly thanks to China's record credit injection in the first quarter - is holding US equities up for now.