July TIC Data released

[thedanimal]

You can read the official Treasury report here.

and some commentary from Seeking Alpha:

So the July US TIC data came out pretty horrifically. In particular there was evidence of accelerating capital flight with private investors selling a net $131bn of US assets. In July the US Dollar index against other major currencies fell 2.23% and in the emerging markets central banks struggled to suppress their currencies or maintain their pegs. For instance the Hong Kong Monetary Authority, according to Bloomberg, injected funds on 14 occasions in July and another several hundred million dollars today. In fact Bloomberg also today quoted Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, expressing the view that they face a dilemma of creating an asset bubble in the face of continuing liquidity inflows or breaking the peg and raising rates, which conversely may attract even more inflows as investors search for yield.

BarCap described the data as 'as bad as bad can be'. However if private investors sold a net $131bn of US assets in July, how much will they be selling when Emerging Asia and the other two BRIC's start their rate tightening cycle, $500bn a month?

[BDAdmin]

Re: July TIC Data released

You can read the official Treasury report here.

and some commentary from Seeking Alpha:

thedanimal,

The offical Treasury repport link you posted leads you to the July 2008. Here is the link for July 2009 -> http://www.treas.gov/press/releases/...s/tictable.pdf

For TC monthly and quaterly visit http://www.treas.gov/tic/

As thedanimal posted, some commentary from Seeking Alpha:

So the July US TIC data came out pretty horrifically. In particular there was evidence of accelerating capital flight with private investors selling a net $131bn of US assets. In July the US Dollar index against other major currencies fell 2.23% and in the emerging markets central banks struggled to suppress their currencies or maintain their pegs. For instance the Hong Kong Monetary Authority, according to Bloomberg, injected funds on 14 occasions in July and another several hundred million dollars today. In fact Bloomberg also today quoted Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, expressing the view that they face a dilemma of creating an asset bubble in the face of continuing liquidity inflows or breaking the peg and raising rates, which conversely may attract even more inflows as investors search for yield.

BarCap described the data as 'as bad as bad can be'. However if private investors sold a net $131bn of US assets in July, how much will they be selling when Emerging Asia and the other two BRIC's start their rate tightening cycle, $500bn a month?

[thedanimal]

Re: July TIC Data released

Link fixed! Sorry about that and thanks for the help.

[goadam1]

Re: July TIC Data released

thedanimal,

The offical Treasury repport link you posted leads you to the July 2008. Here is the link for July 2009 -> http://www.treas.gov/press/releases/...s/tictable.pdf

For TC monthly and quaterly visit http://www.treas.gov/tic/

As thedanimal posted, some commentary from Seeking Alpha:

What happens when the Chinese or other bric bubble pops? On Bloomberg, the host was saying his Hong Kong condo doubled in less then 2 years from 1 to 2 million. On the other extreme, Chinese pig farmers are hoarding physical copper as a store of wealth. Many bad bubbles.