Foreign demand for US assets rebounded sharply in May, as Treasury Department data showed net long-term capital inflows of $259.4 billion, reversing a $7.8 billion outflow the previous month. Total net TIC flows, which include short-term instruments and banking transactions, swung to a $311.1 billion surplus from April’s $14.2 billion deficit. The report also put foreign holdings of US Treasury securities at $9.05 trillion, the second-highest level on record and an increase of $32.4 billion from April. Bloomberg calculations indicated that purchases were led by Canada, while Japan’s stake held steady at $1.135 trillion, the United Kingdom inched up to $809 billion and China edged down to $756 billion. The influx underscores resilient overseas appetite for US government debt and other securities despite investor concerns about the economic impact of the Trump administration’s policy agenda, including steep tariffs on Chinese goods.