Are my Windows Live e-mails stored locally?

Hi all,

I have recently installed Windows Live e-mail and have linked my Outlook.com and Yahoo e-mail accounts, all e-mails in both having been imported.

Question: are my e-mails stored on my local C: drive? If so, where/which folder? I did a search for *.eml which produced a dozen or so e-mails. Some of them since I installed Windows Live e-mail and some from other contacts.

Am I to assume that the imported ones only appear in Windows Live e-mail, but do not reside on my local drive? Am I correct in assuming that all future e-mails from or to my Windows Live e-mail account will be stored (somewhere) on my local drive? This loops back to my first question, where would that be?

Thanks in advance,

Sharon R.