Net foreign acquisitions of long-term securities, short-term United States securities, and banking flows was a net TIC inflow of $44.9 billion in December 2025. Of this, $32.7 billion came from private foreign investors, while $12.2 billion came from foreign official institutions. Foreign residents focused on long-term United States securities, recording net purchases of $62.9 billion in December, including $55.7 billion from private investors and $7.2 billion from official entities. Meanwhile, United States investors modestly increased their holdings of long-term foreign securities, with net purchases of $34.9 billion. Foreign residents increased their holdings of United States Treasury bills by $9.7 billion. Foreign resident holdings of all dollar-denominated short-term United States securities and other custody liabilities increased by $12.1 billion.