Net foreign acquisitions of long-term securities, short-term United States securities, and banking flows was a net TIC outflow of $25.0 billion in January 2026. Of this, $76.1 billion came from private foreign investors, while $51.1 billion came from foreign official institutions. Foreign residents focused on long-term United States securities, recording net purchases of $63.5 billion in January, including $42.0 billion from private investors and $21.4 billion from official entities. Meanwhile, United States investors modestly increased their holdings of long-term foreign securities, with net purchases of $47.9 billion. Foreign residents decreased their holdings of United States Treasury bills by $10.2 billion. Foreign resident holdings of all dollar-denominated short-term United States securities and other custody liabilities increased by $17.8 billion.