Foreigners Were Buying US Debt Again In June As Apocalypse Abated

Foreign holdings of US Treasurys rose a second month in June, TIC data out Monday showed. Specifically, the pile of US debt in foreign hands rose to $7.04 trillion that month, the highest since February (figure below). The transactions table shows foreigners were net buyers of Treasurys for the first time in four months, to the tune of $28.89 billion. Don't forget the context. Foreigners sold Treasurys in April and liquidated them en masse during March, when foreign holdings dropped the mo