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

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To: Ramsey Su who wrote (23565)12/18/2004 2:50:21 PM
From: russwinter  Read Replies (2) of 110194
 
<they would have to somehow quietly dump all the longer duration instruments first?>

Perhaps that's what all the heavy Fed permanents and purchases outright in November and early December was all about? Taking certain longer duration Old Maid Cards back, in exchange for others of shorter duration? Then this last week foreign custody holdings suddenly dropped $3,183 billion, and the bond market got hit.
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