Crystal Ball: I see very large purchases of Treasuries in the next two days
I pulled out my Crystal Ball, and behold! There is going to be large purchases of Treasuries in the next few days. And the days after that, too. Beware the ides of March!
I don’t know why more people aren’t getting on the bandwagon yet. It would make more sense to ride the wave up and sell more into the end. Maybe they think there is another $1.3T bond fund who is going to sell their Treasuries. Maybe China? No? It must be Japan then – thats’s it. That’s who will sell $400bn of Treasuries. Japan.