China reduces long term treasuries by record amount
August 17, 2010 at 08:20 AM EDT
Notice US Tsy yields fell to their lows even with China reducing holdings. The fear mongerers will just tell us to thank goodness someone else came in to replace them, and that without the Fed buying it’s all over for the US, etc. To which I say, it’s just a reserve drain, get over it! And if you [...]