Core Insights - In May, the total net inflow of U.S. long-term and short-term securities and bank flows from overseas amounted to $311.1 billion, with private capital net inflow at $333.2 billion and official net outflow at $22.1 billion [1] - Foreign investors increased their holdings of U.S. long-term securities by $318.5 billion in May, with private investors contributing $287.5 billion and official institutions adding $31.1 billion [1] - U.S. investors raised their holdings of foreign long-term securities by $59.1 billion in May [1] Foreign Investment Dynamics - When considering the impact of stock swaps on U.S. equities, the total net amount of U.S. long-term securities held by foreign investors is estimated to have decreased by $259.4 billion in May [1] - Foreign investors' holdings of U.S. Treasury securities increased by $0.5 billion, while their holdings of all dollar-denominated short-term securities and other custodial bonds rose by $10.3 billion [1] - The net dollar liabilities of U.S. banks to foreign investors increased by $41.4 billion [1]