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America’s Bond-Market Blues

Friday, September 13, 2013 - 8:32 AM
BEIJING – The market for United States Treasury securities is one of the world’s largest and most active debt markets, providing investors with a secure stock of value and a reliable income stream, while helping to lower the US government’s debt-servicing costs. But, according to the US Treasury Department, overseas investors sold a record $54.5 billion in long-term US debt in April of this year, with China slashing its holdings by $5.4 billion. This dumping of US government debt by foreign investors heralds the end of an era of cheap financing for the US.

http://www.project-syndicate.org/commentary/the-end-of-cheap-financing-for-the-us-by-zhang-monan
4
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
1. Friday, September 13, 2013 - 9:31 AM
The common wisdom of asset allocation: equity vs. bond; has gone with the wind.
4
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
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