There's $10.5T in U.S. government debt and still not enough to go around. Bond dealers are...

|By:, SA News Editor

There's $10.5T in U.S. government debt and still not enough to go around. Bond dealers are hoarding the good stuff, offering just $7.2B in Treasurys to the Fed (buying due to The Twist) in June vs. $12.1B/day in October. "People are not willing to sell Treasurys," says a fund manager. Let yields rise 100 basis points and we'll see who's not willing to sell. (see also)