- Agency Debt (and funds like AGZ) are holding up well.
- TIC Flows suggest at least some of the support is coming from strong international demand.
- $22.2Bln inflow in July is almost 10x the Fed's holdings of Agency Debt.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.