Foreigners Dump Record Amount of US Securities

Wolf Street reports:

The Treasury Department cobbles together data it receives from financial institutions on capital flows into and out of the US. It’s trying to figure out which foreign entity owns what US financial assets. Then on a monthly basis, it issues its Treasury International Capital (TIC) report. And this time, the report for June – released on Friday when everyone was on vacation or getting ready to head out of town for the weekend, and when no one was supposed to pay attention – was a zinger: US net capital outflows soared to $153.5 billion, the largest ever recorded.

Just a reminder.