Thanks a lot!

1/3 of the way through so far and enjoying it. When I am done, it will be my pleasure to write a review. I have already recommended it to a few colleagues. :)

Thanks

On further investigation, the 10 year yield was down 15 basis points last week, and the 30 year was down13 basis points, so whatever selling the Russians did was overwhelmed by buying, which pushed bond prices up and yields down. The buyers were probably Europeans worried about the Ukraine situation.

I hadn't seen that, but there were no big moves in treasury interest rates, up or down, last week. $104B is less than two days' average volume on the treasury market. That's fairly large, but there is still a lot of liquidity, so if the Russians were big sellers, there was ample buying. It may not always work like that.

I am specifically asking about the 104B dumped last week. Russia, right?

Glad you're enjoying it. Let me, and the world if it is not too much trouble, know what you think at the end.

If things get bad in China, they will start selling US treasuries. However, if things get bad all over, people may buy treasuries as a safe haven. I think things will get bad and my guess is that eventually interest rates on everything will rise to reflect apprehension of growing debt loads, but I'm only about 70 percent sure of that.

Hey straight what about the treasury sell off?

Whoa! This could be big trouble. So much for most favored nation status... if their economy goes too far in the tank, who will buy our worthless paper? This deserves continued observation.

Please do.
By the way, I am in the middle of chapter eight (TGP)... getting better with every page. :)
Regards,
O.A.

I have been continuously observing it. I'll try to keep the Gulch posted.

The combination of this and the Ukraine will have everyone paying attention real soon.

It's nice to see somebody is paying attention.