For the 9th straight month, foreigners bought US equities in January (latest data)...

And once again the last 12 months have seen $375 billion of inflows, the greatest US stock-buying by foreigners ever...

On the bond side, Foreigners dumped $49BN in LT TSYs in Jan, the most since April

International Capital Flows continue to be positive into US assets...

Meanwhile, China bought USTs for the 3rd straight month (January's $22.89bn was the biggest monthly buy since Aug 2017)

Source: Bloomberg

Finally, global Treasury holdings have risen but the de-dollarization trend of the last few years is holding...

Source: Bloomberg