Foreigners Flocked To US Treasuries In February

The always volatile TIC data was released this morning and showed that foreigners bought the most long-term US securities in any month since August 2012. Private parties purchases were focused solely on treasury bonds and notes. They purchased over $75 billion in February which was the most since August 2011. As they were stocking up on treasuries, private foreigners actually were net sellers in agency bonds, corporate bonds and equities.