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Pillar of the Community
coinwatch's Avatar
United States
808 Posts
 Posted 08/21/2012  01:08 am  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Which is sad because reliable information on our current (and ever increasing) national debt is so widely available today from numerous sources. I also find it sadly humorous when I hear people saying we shouldn't anger China because they might stop buying our debt...when in reality China has actually been a net seller of our treasuries for a while now.
Valued Member
RogerD's Avatar
Canada
491 Posts
 Posted 08/21/2012  02:21 am  Show Profile   Bookmark this reply Add RogerD to your friends list Get a Link to this Reply
Last time I checked the countries that were increasing their purchases on treasuries was Canada, the UK and Japan. This was sovereign buying and the increases were above 50% for each country over the course of a year, I think it was around January or February 2012 that I came across that data.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 08/21/2012  7:02 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Last data I saw on US Treasury paper purchases showed that The Federal Reserve System was buying 72% of them. Ten years ago, the Fed wasn't buying ANY of them. The bond market was gobbling them up as they became available and both foreign and domestic investors had a healthy appetite for US gov paper. For the past couple of years, though, US government bonds have been difficult to sell. When PIMCO turned away from buying US public debt that was one heckuva signal to the entire bond market. A rejection like that from those who know bonds as well as or better than anyone else was quite a wake-up call... at least, for everyone outside of DC, that is.
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