Foreign purchases of U.S. long-term securities, as measured by TIC Net Long-Term Transactions including swaps, fell sharply at the start of 2026, signaling a significant cooling in net capital inflows. In January 2026, the indicator stood at $15.50 billion, a steep drop from $96.50 billion recorded in December 2025.
The latest figures, updated on 18 March 2026, highlight a marked shift in foreign appetite for U.S. long-term assets over the monthly period. While the data do not specify underlying drivers, the slowdown suggests a more cautious stance from international investors compared with the strong demand seen at the end of 2025. Market participants will be watching subsequent releases closely to gauge whether January’s pullback represents a temporary pause or the start of a broader trend in cross-border portfolio flows into the United States.
