Saturday, Nov 17, 2007
Only OPEC not dumping US bonds
Safe Haven: More Declines in Asian Holdings of US Tsrys
Foreigners were net sellers of US long term securities in September at $14.7b after $150.7b in net selling in August.
Posted by sold 2 rent 1 @ 10:45 AM (377 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
"With the steepening of the US yield curve at its highest since Match 2005, we expect further widening of the 10-2 year spread to come in line with further Fed cuts, placing our Fed funds target at 3.75% by end of Q2 2008."
US Stocks are alligned with IR rates. Expect a massive sell off in stocks if the Fed keeps cutting to 3.75.