http://www.ustreas.gov/press/releases/tg548.htm TIC data from the Treasury shows foreignors holdings FELL in 2009...with the US going to be running new RECORD DEFICITS that need funding, with the FED saying it is ending "quantative easing" in MArch...who then will step in to buy? THE FED has been doing most of the heavy lifting and buying when others were not there.
This IMHO is the backdrop for a potential bond accident.
Broker/dealers have negative net worth???
D
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