TIC data: Net long-term inflows ex-swaps $35.4 from $81.5 in May

Panic buying of US assets subsided in May as the European debt crisis was reined in.

• Long-term inflows ex-swaps fell to $35.4 bln versus $81.5 bln.
• China sold US Treasuries in May, reducing holdings to $867.7 bln in May from $900.2 bln in April.
• Japan sold Treasuries as well, reducing holdings to $786.7 bln versus $795.5 bln in April.