China cutting its $ holdings (MSM Wakes up)

[Mega]

http://news.bbc.co.uk/1/hi/business/8207174.stm

Mike

[audrey_girl]

Re: China cutting its $ holdings (MSM Wakes up)

Wait a minute!!

You mean the Chinese are not going to pay for our shiny new Obamacare Medical system now???

Ha ha

[blazespinnaker]

Re: China cutting its $ holdings (MSM Wakes up)

Old news. Demand for long term treasuries is up.

[D-Mack]

Re: China cutting its $ holdings (MSM Wakes up)

Old news. Demand for long term treasuries is up.

China Buys Treasuries, Proving Dollar Demise Overdone (Update3)
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By Daniel Kruger and Anchalee Worrachate


Aug. 17 (Bloomberg) -- For the first time since the start of the global financial crisis, the U.S. government is breaking its reliance on short-term debt as foreign buyers pile into longer-term securities.

When the U.S. raised $75 billion last week, a group that includes international investors purchased a record amount of 3- year notes, the biggest share of 10-year notes since 2005 and almost half of the 30-year bonds sold, according to Treasury data. That helped extend the average maturity of U.S. debt from a 25-year low in the second quarter and showed diminishing concerns over the record U.S. budget deficit and inflation.

“Long-dated Treasuries are fantastic assets to have,” said Stuart Thomson, a fixed-income fund manager at Ignis Asset Management, which oversees the equivalent of $100 billion from Glasgow. “I have every reason to believe long bonds will rally. Inflation is subdued, and the Fed made it very clear they expect it to remain low.”

...

http://www.bloomberg.com/apps/news?p...d=a6KZAWjfwUsE

as good as gold

[Mega]

Re: China cutting its $ holdings (MSM Wakes up)

Ha Ha Ha
China will laugh her ass off at this.
Mike