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Treasury Scarcity to Grow as Fed Buys 90% of New Bonds
by Cobra478 on Tue Dec 04, 2012 9:40 pm
Even as U.S. government debt swells to more than $16 trillion, Treasuries and other dollar fixed- income securities will be in short supply next year as the Federal Reserve soaks up almost all the net new bonds.
The government will reduce net sales by $250 billion from the $1.2 trillion of bills, notes and bonds issued in fiscal 2012 ended Sept. 30, a survey of 18 primary dealers found. At the same time, the Fed, in its efforts to boost growth, will add about $45 billion of Treasuries a month to the $40 billion in mortgage debt it’s purchasing, effectively absorbing about 90 percent of net new dollar-denominated fixed-income assets, according to JPMorgan Chase & Co
More: http://www.bloomberg.com/news/2012-12-0 ... bonds.html
The government will reduce net sales by $250 billion from the $1.2 trillion of bills, notes and bonds issued in fiscal 2012 ended Sept. 30, a survey of 18 primary dealers found. At the same time, the Fed, in its efforts to boost growth, will add about $45 billion of Treasuries a month to the $40 billion in mortgage debt it’s purchasing, effectively absorbing about 90 percent of net new dollar-denominated fixed-income assets, according to JPMorgan Chase & Co
More: http://www.bloomberg.com/news/2012-12-0 ... bonds.html
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Re: Treasury Scarcity to Grow as Fed Buys 90% of New Bonds
by Cobra478 on Tue Dec 04, 2012 9:42 pm
Call in the debt and COLLAPSE this phony economy - just like before.
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Re: Treasury Scarcity to Grow as Fed Buys 90% of New Bonds
by mel bradford on Thu Dec 06, 2012 11:49 am
The Chinese don't call them 'fortune' cookies for nothing.
We've been trading T-bills for landfills full of plastic...what a deal...what a culture !!!
We've been trading T-bills for landfills full of plastic...what a deal...what a culture !!!
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