Ryan Yamada

Treasury Sale: Does This Make Any Sense?

Great post, as usual Karl.

Though in my neighborhood, I see enough modified suburbans where an adult male could clear the footboard without much trouble.

One interesting consequence is that the next Italian bust of Japanese bond smugglers will probably confiscate legitimate bonds.

More seriously, we have a weeklong decline in international markets, a strengthening dollar, a strengthening equities market, AND a weakening Treasury market; strange times indeed.