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JUN 06, 2014 - Zero Hedge

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No, The Surge In Treasurys Wasn't Due To "Pension Fund Buying"

One after another pundit has tried to explain the relentless bid for US Treasurys, and failed. First it was the March geopolitical shock, and the "capital outflows" from Russia that were supposedly entering the "safety" of US paper. Well, today Russian stocks just hit a bull market from the recent sell off (despite, or perhaps in spite of, Draghi's idiotic "estimate" of €160 billion in Russian capital outflows), however without a comparable move lower in the 10 Year, meaning it was not Russian capital reallocation that was pushing US Treasurys higher. Then, a new theory appeared, namely that ... Read More

Tags: No, The Surge In Treasurys Wasn't Due To "Pension Fund Buying",  Bank Of America Latest News