Foreign Central Banks Cut Treasury Holdings by Record
Posted by WARREN MOSLER on 31st December 2011
And Tsy yields at record lows!
Even with $trillion federal deficits!
Even with the S and P downgrade!
Even with large foreign holdings of US Treasury securities!
Who would have thought?
;)
Happy New Year to all!!!
Foreign Central Banks Cut Treasury Holdings by Record
Holdings of U.S. Treasurys by foreign central banks has fallen by a record $69 billion over the past four weeks according to the latest Federal Reserve data. The Financial Times reports
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