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: GST who wrote (53273)	2/9/2006 4:19:42 PM
From: russwinter	Read Replies (3) of 110194

I'm still hard pressed as to who bought these auctions, and which FCBs and indirect bidders were instrumental. They took $14.316 billion (54%) of the $28.68 billion tens and thirties, and seemed to care less about the yield. Plus the Fed monetized $1.682 billion as well, so that's $16 billion (56%) picked up by central banks, unprecendented. publicdebt.treas.gov publicdebt.treas.gov As importantly what was their motivation, sure not for "reserve holdings"? A ten and thirty year Treasury is not what you want for currency reserves, it's speculative.

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