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Strategies & Market Trends : The coming US dollar crisis
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To: NOW who wrote (20858)7/12/2009 6:20:43 PM
From: RockyBalboa  Read Replies (2) of 71456
 
The Treasury contracts now gained 9 points to nearly 121, and put the TBT back to square two. 128 (7 points more would put it to about half recovery compared to yearend values.

So far, buying treasuries is everywhere. The German govt. bund future (a 10 year instrument) recovered most losses in the last few weeks, even with treasuries issuing lots of new paper. Who is buying all this stuff?

Only explanation: there is a prolonged recession...even when politicians try to tell us otherwise.

But with QE expiring... it could face some headwinds; otherwise, it could ride on the coattails of generally lower interest rates. This happens as the 1 year and 2 year LIBOR falls to new lows after the huge spike early June.
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