"There are buyers that lurk everywhere," says RBS bond strategist William O’Donnell, making the...


"There are buyers that lurk everywhere," says RBS bond strategist William O’Donnell, making the Treasury market sound like a cheap horror flick. Foreigners hold a record $5T after increasing their holdings 13% last year. The problem for cash-rich investors is the shrinking supply of top-rated assets, not that the U.S. is 100% AAA anymore.

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