Russia, Japan, and the Fed dumped. So who bought?
Gone are the kid gloves.
Still dreaming in la-la-land.
Just as the Fed created money to buy Treasuries and MBS during QE, it now destroys money as these securities “roll off” the balance sheet.
The old question: When will she buckle?
HSBC makes it official.
The Fed will keep tightening until these junk bonds buckle.
Subprime is calling.
The Fed shouldn’t be getting into “allocating credit.”
Japan systematically dumps US Treasuries while China hangs on.