No. of Recommendations: 2

Points to those nasty foreigners buying 10-year Treasuries and says not to worry about inversion as economic trouble. (Personally I don't worry about inverstion. I worry about Ma and Pa Kettle falling too far behind to keep borrowing and buying.)

I do wonder what the effect will be of the reintroduction of the 30-year bond on intermediate term Treasuries (5, 10-year). Pension plans and the like have been stuck with 10-years as the long end in their version of laddering long bonds. Guess we'll see soon.
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