The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (2107)	11/15/2003 2:21:08 PM
From: Crimson Ghost	Read Replies (1) of 110194

Foreign CBs striving to prevent their currencies from rising too fast buy treasuries when the buck is sliding to support the greenback. Only the official sector would do this for big losses on these transactions are a no brainer if the treasuries are held for any length of time.

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