{"id":13377,"date":"2026-09-17T13:26:39","date_gmt":"2026-09-17T13:26:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13377"},"modified":"2026-09-17T13:26:39","modified_gmt":"2026-09-17T13:26:39","slug":"foreign-treasury-demand-returns-as-private-buyers-sell-29-1b","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13377","title":{"rendered":"Foreign Treasury demand returns as private buyers sell $29.1B"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/foreign-treasury-demand-flows.webp\" \/><\/p>\n<div data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Foreign buyers returned to U.S. Treasury bills in July 2026, but the rebound stopped short of a broad vote of confidence in longer-dated government debt. For Bitcoin, that distinction matters because long-term Treasury yields remain a benchmark for borrowing costs and the returns available on safer assets.<\/p>\n<p>Foreign residents bought a net $38.8 billion of bills after selling $29 billion in June, according to the Treasury Department&#8217;s July release. Treasury International Capital, or TIC, data track cross-border portfolio transactions and banking flows. The split beneath the bill reversal was sharper: private foreign investors bought $45 billion of bills while selling $29.1 billion of Treasury notes and bonds. Foreign official institutions moved the other way, selling $6.3 billion of bills and buying $25.5 billion of notes and bonds.<\/p>\n<p>That official demand offset most of the private long-duration selling, leaving the combined notes-and-bonds flow slightly negative. It also explains why the $83.7 billion headline TIC inflow did not translate into an equally strong long-term picture. After U.S. purchases of foreign securities and other adjustments, net foreign acquisition of all long-term securities was negative $27.9 billion.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>Bills were not a duration vote<\/h2>\n<p>Bills mature within a year, while Treasury notes run from two to 10 years and bonds from 20 to 30 years, according to TreasuryDirect&#8217;s maturity definitions. July&#8217;s composition was therefore consistent with private demand favoring cash-like government paper over duration, although it cannot show that the same investors directly rotated from one maturity bucket into another.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">US treasury relies on stablecoins to fund short-term debt, but they can\u2019t fix its $28B long-bond problem<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Market pricing carried the same broad tension during July. From the first to last trading day, the 10-year Treasury yield rose from 4.48% to 4.75%, while the 30-year climbed from 4.97% to 5.27%. The three-month rate edged down from 3.85% to 3.83%. By Sept. 16, 2026, the Treasury curve showed 3.96% at one month and 5.01% at 10 years, a 1.05 percentage-point gap.<\/p>\n<p>The July flows and September curve are separate observations, not a causal chain. Treasury also warns that its monthly long-term holdings data are primarily custody-based, which can obscure an asset owner&#8217;s country. The July flow table is not seasonally adjusted, and TIC excludes direct investment.<\/p>\n<h3>Bitcoin inherits the rate risk<\/h3>\n<p>Research from the Federal Reserve identifies foreign demand as one factor that can affect Treasury term premiums, but the relationship is endogenous and cannot convert one month&#8217;s flow into a specific yield move.<\/p>\n<p>Long yields matter through a broader financial-conditions channel. The Fed&#8217;s financial conditions framework treats Treasury yields alongside private borrowing rates, equities and the dollar. Higher risk-free returns can raise the opportunity cost of holding a non-yielding asset such as Bitcoin, while tighter credit can reduce the capital available for risk assets.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Treasuries are amplifying market selloffs and Bitcoin is paying the price<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>That mechanism leaves Bitcoin sensitive to duration pressure, but it does not establish that July&#8217;s TIC flows drove Bitcoin&#8217;s September performance. The cleaner conclusion is that foreign demand returned to the safest, shortest part of the Treasury market while long-term borrowing costs remained elevated. The next sign of a broader improvement would be private foreign accounts returning to Treasury notes and bonds alongside a sustained decline in long yields, not merely another month of bill buying.<\/p>\n<\/div>\n<p>Featured,Macro,Bitcoin,BTC,regulationBitcoin,BTC,regulation#Foreign #Treasury #demand #returns #private #buyers #sell #29.1B1789651599<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign buyers returned to U.S. Treasury bills in July 2026, but the rebound stopped short of a broad vote of confidence in longer-dated government debt. For Bitcoin, that distinction matters because long-term Treasury yields remain a benchmark for borrowing costs and the returns available on safer assets. Foreign residents bought a net $38.8 billion of<\/p>\n","protected":false},"author":1,"featured_media":13378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6989,91,285,1140,693,2108,353,389,1610,250,585],"class_list":["post-13377","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-29-1b","tag-bitcoin","tag-btc","tag-buyers","tag-demand","tag-foreign","tag-private","tag-regulation","tag-returns","tag-sell","tag-treasury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreign Treasury demand returns as private buyers sell $29.1B - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Foreign Treasury demand returned to bills in July while private investors sold $29.1 billion of notes and bonds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13377\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Treasury demand returns as private buyers sell $29.1B\" \/>\n<meta property=\"og:description\" content=\"Foreign Treasury demand returned to bills in July while private investors sold $29.1 billion of notes and bonds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13377\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-17T13:26:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/foreign-treasury-demand-flows.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13377\",\"name\":\"Foreign Treasury demand returns as private buyers sell $29.1B - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/foreign-treasury-demand-flows.webp\",\"datePublished\":\"2026-09-17T13:26:39+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Foreign Treasury demand returned to bills in July while private investors sold $29.1 billion of notes and bonds.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13377\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/foreign-treasury-demand-flows.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/foreign-treasury-demand-flows.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13377#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreign Treasury demand returns as private buyers sell $29.1B\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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