All Commentary
Thursday, March 10, 2011

Big Investor Dumps Government Bonds


“The world’s largest bond investor has sold off all his fund’s U.S. government-related holdings, according to a published report…. Treasury prices nevertheless rose Wednesday after the government saw strong bidding at an auction of debt.” (ABC News)

Mixed signals.

FEE Timely Classic
“Deficits Do Matter” by Hans F. Sennholz