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