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

|By:, SA News Editor

"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.