Feb. TIC Flows Preview
Feb. TIC Flows will be released tomorrow at 9:00am EST. Long-term TIC flows are expected at $60bln after coming in at $62bln in Jan. Monthly TIC flows are expected at $72.5bln after $37.4bln the previous month.
Despite the net increase in TIC flows, waning interest in US Treasuries (tied to dollar weakness) was apparent in the Jan. data. Caribbean Treasury holdings dropped $8.3bln that month and are expected to fall further in the Feb. numbers because several hedge funds faced big margin calls.