Wall Street Dumps Most Treasuries Since 2004 on Growth
You've got to be kidding me. Wall Street has been "dumping" their Treasuries into the Fed, which has been printing money like a Weimar paper company for over 2 years now. In fact, just last week, Wall Street unloaded over 1/2 of one of the most recent Treasury issues onto the Fed's balance sheet.
Here's the link to the Bloomberg fantasy report: Dr. Mr. Fantasy
The golden Truth about rising Treasury yields (tanking prices) is 2-fold: 1) Globally, investors are buying less Treauries because of the accelerating credit risk of the U.S. Government. And the Fed/Treasury has a printing press, so outright default will not happen. But when the Fed has to monetize new Treasury auctions like the one referenced above, that is a "de facto" default; 2) Accelerating inflation. If you don't believe inflation is here, stay tuned.
It gets more surreal by the day, people...
“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.” - Thomas Jefferson