The U.S. Department of the Treasury released Treasury International Capital data in Washington on 15 January 2026 detailing cross-border financial flows for November 2025, showing a net TIC inflow of $212.0 billion.
The announcement outlined foreign and domestic investment activity across long-term securities, short-term U.S. securities, and banking flows. The release provides an official snapshot of international demand for U.S. assets and the movement of global capital into U.S. markets.
The Treasury International Capital system is the U.S. government’s primary framework for tracking cross-border portfolio investment, external debt, and financial positions between U.S. and foreign residents. The November release provides market participants and policymakers with updated figures on foreign demand for U.S. securities and U.S. investment activity abroad.
Release of November TIC Data
The U.S. Department of the Treasury announced the publication of Treasury International Capital data for November 2025 from Washington. The department also confirmed that the next release, covering December 2025 activity, is scheduled for 18 February 2026.
The figures were issued through the Treasury’s official press centre and form part of its regular monthly reporting on international capital movements. Additionally, the data supports oversight by financial authorities monitoring global investment patterns affecting U.S. markets.
| Indicator | Recent Movement | Context |
|---|---|---|
| Total net TIC inflow | $212.0 billion | Reported by the U.S. Department of the Treasury as the combined net inflow from long-term securities, short-term U.S. securities, and banking flows for November 2025. |
| Foreign long-term securities purchases | $221.8 billion | Treasury data shows foreign residents increased holdings of long-term U.S. securities, reflecting continued international demand for U.S. assets. |
Net Foreign Capital Flows Overview
The Treasury reported that net foreign private inflows totaled $167.2 billion in November, while net foreign official inflows amounted to $44.9 billion. These figures represent the split between private investors and foreign government institutions participating in U.S. markets.
Meanwhile, overall net foreign purchases of long-term securities were estimated at $220.2 billion after Treasury adjustments, including portfolio activity such as stock swaps. The department indicated that these measures help align reported transactions with underlying market activity.
- Private inflows: $167.2 billion reported by the U.S. Department of the Treasury as net foreign private investment in November 2025.
- Official inflows: $44.9 billion recorded by the Treasury from foreign government and central bank institutions.
Foreign Investment in U.S. Long-Term Securities
Foreign residents recorded net purchases of $221.8 billion in U.S. long-term securities during November, according to Treasury figures. Of this total, $157.8 billion was attributed to private foreign investors and $64.0 billion to foreign official institutions.
Additionally, the Treasury stated that estimated overall net foreign purchases, including portfolio adjustments, remained above $220 billion for the month. The department noted that these estimates provide a broader view of market participation beyond direct custodial transactions.
U.S. Investment in Foreign Securities
U.S. residents increased their holdings of long-term foreign securities with net purchases of $1.6 billion in November. The Treasury included this activity as part of its measurement of cross-border capital movement.
However, this level of outward investment was substantially smaller than inbound foreign investment into U.S. markets during the same period. The figures reflect a continued imbalance between foreign purchases of U.S. assets and U.S. purchases of foreign securities.
Short-Term Securities and Banking Liabilities
The Treasury reported that foreign residents increased their holdings of U.S. Treasury bills by $0.4 billion in November. At the same time, foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities declined by $6.5 billion.
Additionally, U.S. banks’ own net dollar-denominated liabilities to foreign residents decreased by $1.7 billion. The department stated that these movements form part of the monthly assessment of short-term capital and banking-related financial positions.
Scope and Purpose of the TIC System
The Treasury International Capital system tracks portfolio investment, banking claims and liabilities, and broader financial positions between U.S. and foreign residents. The Treasury uses these data to support official reporting on international investment patterns and U.S. external financial exposure.
The department also cautioned that TIC data is primarily based on custodial reporting, which may not fully capture the ultimate ownership of U.S. securities. As a result, the Treasury advises that country-level conclusions about foreign holdings should be interpreted with care.
To Sum Up
The November 2025 Treasury International Capital release shows continued strong foreign participation in U.S. long-term securities, alongside more limited U.S. investment activity abroad. The data also highlights shifts in short-term holdings and banking liabilities reported by the Treasury.
Together, the figures provide policymakers and market participants with an official view of cross-border financial flows and international engagement with U.S. financial markets.
Sources: U.S. Department of the Treasury, and Treasury International Capital System.
Prepared by Ivan Alexander Golden, Founder of THX News, an independent news organization delivering timely insights from global official sources.
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