Wednesday, February 9, 2011
10 Yr Treasury Auction
How can Treasuries really selloff when the Fed is in there buying huge chunks every day? It is a surprise that it has sold off this far already this year. If we don't have QE3, Treasuries will gradually go back to being a natural market. And that probably goes for the equity market as well.
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1 comment:
cos the bond market is smart. the fed buying isn't real demand. like when the bank of england tried to buy and support the pound before it crashed.
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