Posted by WARREN MOSLER on December 31st, 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!!!
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