Foreign investors are selling Treasury positions in record numbers, even at a time when such assets are performing well.
In the week ended Dec. 28, foreign investors sold the second-highest amount of U.S. bonds in history at $23 billion, Zero Hedge reports, citing Federal Reserve data.
In the last month alone, foreigners sold a record $69 billion in U.S. paper. The numbers really defy logic.
"The euro plunges and the market refuses to follow, with risk assets rising on speculation the ECB (and/or Fed) are about to restart printing yet gold collapsing ... and finally with Treasurys soaring to near all time highs," Zero Hedge reports.
Dumping the dead horse
ReplyDeleteSmarter than I thought. Of course, one person in the article says he think they are dumping them because stocks are such a good investment now!:)
ReplyDeleteHAHA...
ReplyDeleteAnd pigs fly too.
They are just trying to start another bubble in ANYTHING. Traitors.
ReplyDeleteBO-HIC!
ReplyDelete